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$130,000   Price Analysis
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611-625 S Mound St
Muncie, IN 47305
8 bed 4 bath 4,320 SqFt ($30/SqFt)
0.24 acre lot. Built 1899
Listed 2024-05-03, Taxes $1,193
Ⓧ USDA Ineligible
due to location

near Muncie

7 units in 4 buildings

* Sale Pending *

2 corner lots. Tenant occupied. Newer sewer lines and gutters on rear of buildings. owner pays water and sewage, tenants pay other utilities.

3 buildings have 2-1 bedroom units with 540sqft of finishd living space. The 4th unit is a 3 bedroom unit with 1180 sqft of finished living space.


Presented by Melanie White at
Berkshire Hathaway HomeServices Indiana Realty.


Property MLS #202415441 from IRMLS

Bedrooms: 8

Total Bathrooms: 4 / 0
Full Bathrooms: 4

Furnished Description: Building
Flooring: Mixed

Heating Features: Electricity, Gas

Lot Description: Corner, Lake
Lot Size Acres: 0.24
Lot Size Dimensions: 125x83
Lot Size Square Feet: 10375

Garage Description: Street

Number of Buildings: 4
Number of Units: 7
Number of 1 Bedroom Units: 6
Number of 2 Bedroom Units: 1
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 5
Total Rooms in Unit-4: 3
Total Rooms in Unit-5: 3
Total Rooms in Unit-6: 3
Unit-1 Square Feet: 540
Unit-2 Square Feet: 540
Unit-3 Square Feet: 1080
Unit-4 Square Feet: 540
Unit-5 Square Feet: 540
Unit-6 Square Feet: 540
Unit 1 Total Actual Rent: 500
Unit 2 Total Actual Rent: 500
Unit 3 Total Actual Rent: 600
Unit 4 Total Actual Rent: 400
Unit 5 Total Actual Rent: 400
Unit 6 Total Actual Rent: 400

Elementary School: Southview
High School: Central
Middle School: Southside
School District: Muncie Community Schools

South View Elementary School is a public elementary school located approximately 0.9 miles away.
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Muncie Central High School is a public high school located approximately 1 miles away.
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Northside Middle School is a public middle school located approximately 2 miles away.
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Saint Mary School is a private elementary and middle school located approximately 1.1 miles away.
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Lease Term: 1 Year
Tenant Pays: Electric, Fuel

Community Features: Water Heater Electric, Water Heater Gas

Annual Tax Amount: 1270
Source Listing Status: Pending
County: Delaware County
Directions: Jackson W to Mound, S to buildings on corner of Mound St and First St
Tax Year: 2024
Source Property Type: INVESTMENT
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 2
Number of Separate Water Meters: 1
Owner Pays: Sewer, Water
Parcel Number: 18-11-16-252-014.000-003
Property Location: City/Town/Suburb
Township: Center
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$48,400 + $5,900
$54,300
$1,193
2020$55,400 + $5,900
$61,300
$1,334
2019$55,400 + $2,200
$57,600
$1,259
2018$55,400 + $2,200
$57,600
$1,260
2017$55,300 + $2,200
$57,500
$1,258
2017$55,300 + $2,200
$57,500
$1,258
2016$54,700 + $2,200
$56,900
$1,258
2015$53,900 + $2,200
$56,100
$1,209
2013$53,400 + $2,200
$55,600
$2,742
2012$52,200 + $2,200
$54,400
$2,786
2011$53,700 + $4,300
$58,000
$2,553
2010$55,300 + $4,300
$59,600
$1,225

Listed 2024-05-03
$130,000
IRMLS
Sold 2016-06-29
$65,000
Public Record
Sold 2016-01-14
$81,250
Public Record
Listing removed 2015-09-09
$53,000
Muncie
Price Changed 2015-04-14
$53,000
Muncie
Listed 2015-03-19
$60,000
Muncie

Net Operating Income: -1270

Total Square Feet Living: 4320
Year Built: 1899
Above Grade Finished Area: 4320
Property Age: 125
Roof: Metal, Shingle
Levels or Stories: 1
Total Area Main: 4320
Total Area Sqft: 4320

Sewer: Public
Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.