Deed Holdings – 5050, LLC Purchases Multifamily Portfolio From Streeter25, LLC For $3.7M In Muncie
222 West Centennial Avenue & 111 East Streeter Avenue
$3,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 25, 2025
AI
A 49-unit multifamily portfolio has been sold in Muncie, Indiana, consisting of properties located at 222 West Centennial Avenue and 111 East Streeter Avenue. The total sale price of the transaction was $3,700,000, resulting in a price per unit of $75,510. The properties involved in this deal include Randy’s Court and Streeter Court Apartments, built in 1978 and 1994, respectively.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,700,000
- Buyer: Deed Holdings – 5050, LLC
- Seller: Streeter25, LLC
- Units: 49
- Price Per Unit: $75,510
- Brokers: Aaron Kuroiwa & Austin Meeker - Marcus & Millichap
The transaction was facilitated by brokers Aaron Kuroiwa and Austin Meeker from Marcus & Millichap, representing both the buyer, Deed Holdings – 5050, LLC, and the seller, Streeter25, LLC. This sale highlights their expertise in handling multifamily real estate transactions in the Muncie market.
Players
Muncie MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93