709 South Hutchinson Avenue

Muncie, IN 47303

$550,000
Price
14
Beds
8
Baths
5,432 Sq. Ft.
$101 / Sq. Ft.
5,432
Sq. Ft.
$101
per Sq. Ft.

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.
  1. Listed by Ryan Kramer • RE/MAX Real Estate Groups

Property Details for 709 South Hutchinson Avenue

Style
One Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 11/22/2024 01:40 PM

Property Details for 709 South Hutchinson Avenue

StatusActive
MLS #202445010
Days on Market1
Taxes$5,110 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Eightplex
Year Built1964
Lot Size0.43 AC / 18,731 SF
CountyDelaware 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

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: White River BLVD to Hutchinson north to property.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 181117260010000003
School Information
  • School District: Muncie Community Schools
  • Elementary: Westview
  • Middle School: Northside
  • High School: Central
Parking
  • Number Of Parking Spaces: 15
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Eightplex
  • Approx Lot Size Acres: 0.43
  • Lot Dimensions: 150x150
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 5432.0
  • Approx Lot Size Sqft: 18731.0
  • Above Grade Finished Sqft: 5432.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 5432.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 5432.0
Property and Assessments
  • New Construction: No
  • Year Built: 1964
  • Age: 60
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Other-See Remarks
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 8
  • Number of Gas Meters: 0
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 8
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 8
  • Number of Refrigerators: 8
  • Number of W/D Hookups: 8
  • Number of Washers: 8
  • Number Water Meters: 1
  • Basement: No
  • Basement/Foundation: Slab
  • Cooling: None
  • Flooring: Mixed, Vinyl
  • Heating/Fuel: Baseboard
  • Stories: 1
  • Number of Above Grade Bedrooms: 14
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 14
  • Total Number of Full Baths: 8
  • Total Number of Half Baths: 0
  • Total Baths: 8
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 6
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 7
  • Number of Buildings: 1
  • Number of Units: 8
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $68,400
  • Annual Insurance Expense: $3,500
  • Annual Maint. Expense: $5,000
  • Annual Misc: $1,000
  • Annual Net Income: $53,790
  • Annual Property Tax: $5,110
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $5,700
  • Gross Monthly Rent: $5,700
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Building Insurance, Lawn Maintenance, Maintenance, Snow Removal
  • Tenant Pays: Cable, Electric, Sewer, Trash Collection, Water

Property History for 709 South Hutchinson Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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709 South Hutchinson Avenue is a multi-family home for sale in Muncie, IN 47303. This property was listed for sale on November 21, 2024 by RE/MAX Real Estate Groups, it's currently listed at $550,000. It has been on the market for a total of 1 days and was last sold on August 1, 2019. This listing's school district is Muncie Community Schools. Nearby schools include West View Elementary School, Muncie Central High School and Northside Middle School. 709 South Hutchinson Avenue is a 14-bed, 8-bath, 5,432 sqft multi-family home built in 1964.

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.