$550,000
709 S Hutchinson Avenue
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.
White River BLVD to Hutchinson north to property.
Map to 709 S Hutchinson Avenue, Muncie, IN 47303
MLS #
202445010
Date Listed
2024-11-21
Status
Active
Property Type
Investment
Property SubType
Eightplex
Square Feet
5432 sqft
New Construction
No
Style
One Story
Type
Eightplex
Bedrooms
14
Bathrooms
8
Annual Taxes
$3,500.00
Year Taxes Payable
2024
Year Built
1964
Days on Market
2
Room Dimensions
Living Room
6 × 0
Level
4th Bedroom
8 × 0
Level
5th Bedroom
8 × 8
Level
Extra Room
8 × 8
Level
Bathroom Locations
Full Baths
14 Main
External Features
Construction
Eightplex
Lot Size
18,731 sq ft
Acreage
0.43 Acres
Lot Dimensions
150x150
Fence
None
Location
Area
Delaware County
County
Delaware
Subdivision
None
Township
Center
City
Muncie
State
IN
Zip
47303
Schools
School District
Muncie Community Schools
Elementary
Westview
Middle School
Northside
High School
Central
Financial
Assoc. Dues
$0.00 Not Applicable
| MLS # | 202445010 |
|---|---|
| Date Listed | 2024-11-21 |
| Status | Active |
| Property Type | Investment |
| Property SubType | Eightplex |
| Square Feet | 5432 sqft |
| New Construction | No |
| Style | One Story |
| Type | Eightplex |
| Bedrooms | 14 |
| Bathrooms | 8 |
| Annual Taxes | $3,500.00 |
| Year Taxes Payable | 2024 |
| Year Built | 1964 |
| Days on Market | 2 |
| Living Room | 6 × 0 | Level |
| 4th Bedroom | 8 × 0 | Level |
| 5th Bedroom | 8 × 8 | Level |
| Extra Room | 8 × 8 | Level |
| Full Baths | 14 Main |
| Construction | Eightplex |
|---|---|
| Lot Size | 18,731 sq ft |
| Acreage | 0.43 Acres |
| Lot Dimensions | 150x150 |
| Fence | None |
| Area | Delaware County |
|---|---|
| County | Delaware |
| Subdivision | None |
| Township | Center |
| City | Muncie |
| State | IN |
| Zip | 47303 |
| School District | Muncie Community Schools |
|---|---|
| Elementary | Westview |
| Middle School | Northside |
| High School | Central |
| Assoc. Dues | $0.00 Not Applicable |
|---|
MLS# 202445010
IDX information provided by the Indiana Regional MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Listing Provided Courtesy of Ryan Kramer
RE/MAX Real Estate Groups
Cell: 765-717-2489
Listing updated November 22, 2024 at 8:45 am
Last checked 11 minutes ago
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