511 East Jackson Street

Muncie, IN 47305

$114,900
Price
3
Beds
3
Baths
2,448 Sq. Ft.
$47 / Sq. Ft.
2,448
Sq. Ft.
$47
per Sq. Ft.

Description

Great investment opportunity! This 3 unit property includes 3 1 BR 1 BA units. Updates have been completed including a water heater and many units have recent flooring and paint.. Total rents are $2,250 per month. Owner pays utilities. Can be bought in a package with 509 E Jackson St. Located near downtown Muncie and only minutes from shopping and restaurants. Don't miss out on this income producing property!Great investment opportunity! This 3 unit property includes 3 1 BR 1 BA units. Updates have been completed including a water heater and many units have recent flooring and paint.. Total rents are $2,250 per month. Owner pays utilities. Can be bought in a package with 509 E Jackson St. Located near downtown Muncie and only minutes from shopping and restaurants. Don't miss out on this income producing property!
  1. Listed by Ryan Orr • RE/MAX Real Estate Groups

Property Details for 511 East Jackson Street

Style
Two Story
Subdivision
Other
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/17/2024 03:26 PM

Property Details for 511 East Jackson Street

StatusActive
MLS #202447328
Days on Market1
Taxes$1,330 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1885
Lot Size0.10 AC / 4,356 SF
CountyDelaware County

Building Information for 511 East Jackson Street

Stories2Residences3Year Built1885Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 511 East Jackson Street

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47305
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: Madison to Jackson, east to property
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 18-11-15-126-003.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: East Washington Academy
  • Middle School: Southside
  • High School: Central
Parking
  • Number Of Parking Spaces: 4
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.1
  • Lot Dimensions: 35x125
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2448.0
  • Upper Level Sqft: 864.0
  • Approx Lot Size Sqft: 4356.0
  • Above Grade Finished Sqft: 2448.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2448.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1584.0
Property and Assessments
  • New Construction: No
  • Year Built: 1885
  • Age: 139
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Eat-In Kitchen
  • Exterior: Other
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: No
  • Basement/Foundation: Crawl
  • Cooling: None
  • Flooring: Other
  • Heating/Fuel: Gas, Wall Heater
  • Stories: 2
  • Number of Above Grade Bedrooms: 3
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 3
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 3
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $2,335.38
  • Annual Fuel Expense: $1,292.61
  • Annual Gross Rent $: $27,000
  • Annual Insurance Expense: $1
  • Annual Maint. Expense: $1,382
  • Annual Misc: $1
  • Annual Net Income: $18,998
  • Annual Property Tax: $1,330
  • Annual Trash Expense: $1
  • Annual Water/Sewer Exp: $1,659
  • Gross Monthly Income: $2,250
  • Gross Monthly Rent: $2,250
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Garage: No
  • Unit 1-Lease Exp Date: 05-31-2025
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1rear
  • Unit 1-Unit Rent $: $725
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Garage: No
  • Unit 2-Lease Exp Date: 09-30-2025
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2west
  • Unit 2-Unit Rent $: $775
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Garage: No
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3-1/2
  • Unit 3-Unit Rent $: $750
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Sewer, Trash Collection, Water
  • Tenant Pays: None

Property History for 511 East Jackson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 511 East Jackson Street

Taxable ValueLand$11,400Additions$54,500Total$65,900
Tax Record2021$1,426 ($119 / month)
Home Facts
Baths3Total Finished SqFt2,448 SqFtAbove Grade Finished SqFt2,448 SqFtStories2Lot Size4,375 SqFtStyleTriplexYear Built1885CountyDELAWAREAPN18-11-15-126-003.000-003

Schools near 511 East Jackson Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
East Washington Academy
PublicPK to 5

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Muncie Area Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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511 East Jackson Street is a multi-family home for sale in Muncie, IN 47305. This property was listed for sale on December 16, 2024 by RE/MAX Real Estate Groups, it's currently listed at $114,900. This listing's school district is Muncie Community Schools. Nearby schools include East Washington Academy, Muncie Central High School and Northside Middle School. 511 East Jackson Street is a 3-bed, 3-bath, 2,448 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Real Estate Groups

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.