709 S Hutchinson Avenue new Save Request In-Person Tour Request Virtual Tour
Muncie,IN 47303
Key Details
Property Type Multi-Family
Sub Type Eightplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,432 sqft
Price per Sqft $101
MLS Listing ID 202445010
Style One Story
Bedrooms 14
Full Baths 8
Year Built 1964
Annual Tax Amount $3,500
Tax Year 2024
Lot Size 0.430 Acres
Property Description
Solid all-brick 8-plex with significant interior updates. Each unit includes its own washer/dryer. The property features 6 two-bedroom units and 2 one-bedroom units, generating approximately $68,400 in estimated annual gross rents. Furnished rental could produce an extra $5,000-$6,000 annually. Current rents are competitive, with potential for increases. Tenants are responsible for all utilities, keeping operating costs low. Situated near Ball State University and IU Ball Memorial Hospital, this property is also within walking distance of Westside Park and the newly developed skate park. Unit 1 has been a mid-term rental at $1500 a month, but could be a traditional rental, furnished rental, or short/mid-term rental. This unit will sell with all the furnishings.
Location
State IN
County Delaware County
Area Delaware County
Rooms
Dining Room 0
Interior
Flooring Mixed,Vinyl
Laundry , 15
Exterior
Amenities Available Other-See Remarks
Waterfront No
Building
Lot Description Level
Story 1
Structure Type Brick
New Construction No
Schools
Elementary Schools Westview
Middle Schools Northside
High Schools Central
School District Muncie Community Schools