709 South Hutchinson Avenue
$550,000
14
8
5,432
5,432
$101
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...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.
- Listed by Ryan Kramer • RE/MAX Real Estate Groups
Property Details for 709 South Hutchinson Avenue
Style
One Story
SubdivisionNone
WaterfrontNo
Pet RestrictionsNo
LISTING UPDATED: 11/22/2024 01:40 PM
Property Details for 709 South Hutchinson Avenue
Status | Active |
---|---|
MLS # | 202445010 |
Days on Market | 1 |
Taxes | $5,110 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Eightplex |
Year Built | 1964 |
Lot Size | 0.43 AC / 18,731 SF |
County | Delaware County |
Building Information for 709 South Hutchinson Avenue
Stories1Residences8Year Built1964Building Size-Lot Size0.43 AC / 18,731 SF
Property Information for 709 South Hutchinson Avenue
Property History for 709 South Hutchinson Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 709 South Hutchinson Avenue
Taxable ValueLand$55,800Additions$191,500Total$247,300
Tax Record2023$5,270 ($439 / month)
Home Facts
Total Finished SqFt4,028 SqFtAbove Grade Finished SqFt4,028 SqFtStories1Lot Size18,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyDELAWAREAPN18-11-17-260-010.000-003
Schools near 709 South Hutchinson Avenue
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 - | K to 12 |
Rating | School | Distance |
---|---|---|
West View Elementary School PublicPK to 5 | ||
Muncie Central High School PublicPK to 12 | ||
Northside Middle School Public6 to 8 | ||
Youth Opportunity Center PublicK 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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