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$550,000

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14 BD

8 BA

5,432 SqFt

Pending

709 S Hutchinson Avenue Muncie, IN 47303

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Timothy Vicsik

tim@timvicsik.com +1(574) 329-9587

UPDATED:

11/27/2024 01:37 PM

Key Details

Property Type Multi-Family

Sub Type Eightplex

Listing Status Pending

Purchase Type For Sale

Square Footage 5,432 sqft

MLS Listing ID 202445010

Style One Story

Bedrooms 14

Full Baths 8

Abv Grd Liv Area 5,432

Total Fin. Sqft 5432

Year Built 1964

Annual Tax Amount $3,500

Tax Year 2024

Lot Size 0.430 Acres

Property 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 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.

Location

State IN

County Delaware County

Area Delaware County

Direction White River BLVD to Hutchinson north to property.

Rooms

Family Room 695 x 650

Dining Room 0 x 1500

Kitchen , 750 x 650

Interior

Flooring Mixed, Vinyl

Fireplaces Number 4

Appliance Building, Land, Lease

Laundry , 15

Exterior

Garage Spaces 1.0

Amenities Available Other-See Remarks

Total Parking Spaces 15

Building

Lot Description Level

Story 1

Structure Type Brick

New Construction No

Schools

Elementary Schools Westview

Middle Schools Northside

High Schools Central

School District Muncie Community Schools

IDX information provided by the Indiana Regional MLS

Listed by Ryan Kramer • RE/MAX Real Estate Groups • Cell: 765-717-2489

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Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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709 S Hutchinson Avenue Muncie, IN 47303

Timothy Vicsik

Key Details

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Exterior

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Schools

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709 S Hutchinson Avenue