520 North Alameda Drive

Muncie, IN 47303

$159,000
Price
4
Beds
2
Baths
1,853 Sq. Ft.
$86 / Sq. Ft.
1,853
Sq. Ft.
$86
per Sq. Ft.

Description

Don't miss this opportunity to add to your investment portfolio! Check out this affordable duplex near BSU campus. This one is fully rented until 2025! If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!Don't miss this opportunity to add to your investment portfolio! Check out this affordable duplex near BSU campus. This one is fully rented until 2025! If you've been looking for another rental, don't pass this one up! Brand-new HVAC system installed August 2024!
  1. Listed by Lisa Buckner • RE/MAX Real Estate Groups

Property Details for 520 North Alameda Drive

Style
Two Story
Architectural Style
Other
Subdivision
Alameda Place
Waterfront
No
Water Features
None
Pet Restrictions
No
LISTING UPDATED: 08/30/2024 01:50 PM

Property Details for 520 North Alameda Drive

StatusActive
MLS #202427910
Days on Market114
Taxes$2,230 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1895
Lot Size0.14 AC / 6,250 SF
CountyDelaware County

Building Information for 520 North Alameda Drive

Stories2Residences2Year Built1895Building Size-Lot Size0.14 AC / 6,250 SF

Property Information for 520 North Alameda Drive

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47303
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: Head south on Wheeling. Turn right onto Ashland Ave. Turn left onto Alameda. Home will be on the left.
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Other Fees $: $108.00
  • Assoc Dues Frequency: Not Applicable
  • Other Fees Frequency: Annually
  • Assoc Restrictions: No
  • Year Taxes Payable: 2024
  • Other Fee Description: storm water fee
  • Parcel Number Id: 181109411003000003
School Information
  • School District: Muncie Community Schools
  • Elementary: Westview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 2
  • Parking: Gravel, Off Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.14
  • Lot Dimensions: 50x125
  • Below Grade Unfin Sqft: 9.0
  • Total Square Feet: 1871.0
  • Upper Level Sqft: 976.0
  • Approx Lot Size Sqft: 6250.0
  • Above Grade Finished Sqft: 1844.0
  • Below Grade Finished Sqft: 9.0
  • Total Below Grade Sqft: 18.0
  • Total Finished Sqft: 1853.0
  • Above Grade Unfin Sqft: 9.0
  • Lot Description: Level, 0-2.9999
  • Main Level Sqft: 868.0
Property and Assessments
  • New Construction: No
  • Year Built: 1895
  • Age: 129
  • Documents Available: LBP Form, Lease, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Comcast
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Indiana American Water Co
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Cable Available, Deck Open
  • Common Amenities: None
  • Driveway: Gravel
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt, Shingle
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 0
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Number Water Meters: 1
  • Basement Material: Brick
  • Basement: Yes
  • Basement/Foundation: Crawl, Full Basement, Unfinished
  • Cooling: Central Air
  • Flooring: Laminate, Vinyl, Wood
  • Heating/Fuel: Electricity, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 1
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Buildings: 1
  • Number of Units: 2
  • Restrictions: No
  • RI/MF Occup Permit: No
Income & Expenses Information
  • Annual Electric Expense: $4,500.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $20,160
  • Annual Insurance Expense: $800
  • Annual Maint. Expense: $84
  • Annual Misc: $0
  • Annual Net Income: $10,546
  • Annual Property Tax: $2,230
  • Annual Trash Expense: $900
  • Annual Water/Sewer Exp: $1,100
  • Gross Monthly Income: $1,680
  • Gross Monthly Rent: $1,680
Unit Information
Unit 1
  • Unit 1 SqFt: 868
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 3
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $.00
  • Unit 1-Electric: Owner
  • Unit 1-Garage: No
  • Unit 1-Gas: None
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 06-30-2025
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $795
Unit 2
  • Unit 2 SqFt: 976
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 3
  • Unit 2-Num of Rooms: 5
  • Unit 2-Basement: Yes
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $885.00
  • Unit 2-Electric: Owner
  • Unit 2-Garage: No
  • Unit 2-Gas: None
  • Unit 2-Laundry Room: Basement
  • Unit 2-Lease Exp Date: 01-31-2025
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: B
  • Unit 2-Unit Rent $: $885
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Cooling, Electric, Heating, Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable

Property History for 520 North Alameda Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 520 North Alameda Drive

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 - PK to 5
Rating
School
Distance
West View Elementary School
PublicPK to 5

Muncie Central High School
PublicPK to 12

Northside Middle School
Public6 to 8

Storer Elementary School
PublicPK to 5

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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520 North Alameda Drive is a multi-family home for sale in Muncie, IN 47303. This property was listed for sale on July 26, 2024 by RE/MAX Real Estate Groups, it's currently listed at $159,000. This listing's school district is Muncie Community Schools. Nearby schools include West View Elementary School, Muncie Central High School and Northside Middle School. 520 North Alameda Drive is a 4-bed, 2-bath, 1,853 sqft multi-family home built in 1895.

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.