$299,000 Price Analysis    ♡   Muncie, IN 47302 18 bed 10 bath 6,400 SqFt ($46/SqFt) 0.74 acre lot. Built 1925 Listed 2024-05-15, Taxes $3,735 | Ⓧ USDA Ineligible due to location near Muncie |
Check out this exceptional opportunity for a large investment property.
* Sale Pending *9 total units in the main bu ilding as well as a detached garage on the property.
6 unts currently rented. Two units completely remodeled and ready for new tenants. One unit needs renovated.
Presented by Michael Burke at
RE MAX Real Estate Groups.
Property MLS #202417133 from IRMLS
Bedrooms: 18
Total Bathrooms: 10 / 0
Full Bathrooms: 10
Full Bathrooms: 10
Cooling Features: Window
Heating Features: Baseboard
Heating Features: Baseboard
Furnished Description: Building, Land
Flooring: Vinyl
Flooring: Vinyl
Lot Description: Corner
Lot Size Acres: 0.74
Lot Size Dimensions: 146x220
Lot Size Square Feet: 32234
Lot Size Acres: 0.74
Lot Size Dimensions: 146x220
Lot Size Square Feet: 32234
Garage Spaces: 10
Garage Description: Paved, Private
Garage Description: Paved, Private
Number of Buildings: 2
Number of Units: 10
Number of Studio Units: 2
Number of 2 Bedroom Units: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-6: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4
Total Rooms in Unit-6: 4
Unit-1 Square Feet: 800
Unit-2 Square Feet: 800
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit-5 Square Feet: 800
Unit-6 Square Feet: 1200
Unit 1 Total Actual Rent: 600
Unit 2 Total Actual Rent: 575
Unit 3 Total Actual Rent: 400
Unit 4 Total Actual Rent: 600
Unit 5 Total Actual Rent: 700
Unit 6 Total Actual Rent: 1000
Number of Units: 10
Number of Studio Units: 2
Number of 2 Bedroom Units: 8
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-6: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 4
Total Rooms in Unit-3: 4
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4
Total Rooms in Unit-6: 4
Unit-1 Square Feet: 800
Unit-2 Square Feet: 800
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit-5 Square Feet: 800
Unit-6 Square Feet: 1200
Unit 1 Total Actual Rent: 600
Unit 2 Total Actual Rent: 575
Unit 3 Total Actual Rent: 400
Unit 4 Total Actual Rent: 600
Unit 5 Total Actual Rent: 700
Unit 6 Total Actual Rent: 1000
Elementary School: Grissom
High School: Central
Middle School: Southside
School District: Muncie Community Schools
High School: Central
Middle School: Southside
School District: Muncie Community Schools
Grissom Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions
Map directionsMuncie Central High School is a public high school located approximately 2.9 miles away.
Map directions
Map directionsWilson Middle School is a public middle school located approximately 0.3 miles away.
Map directions
Map directionsOpen Arms Christian Academy is a private elementary and middle school located approximately 0.5 miles away.
Map directions
Map directionsIncome Includes: 43500
Lease Term: Month to Month, 1 Year
Tenant Pays: Electric
Lease Term: Month to Month, 1 Year
Tenant Pays: Electric
Annual Tax Amount: 3562.98
Source Listing Status: Pending
County: Delaware County
Directions: From SR 67, W on E 29th St, N on Meeker Ave, E on 26th St
Tax Year: 2024
Source Property Type: INVESTMENT
Insurance Expense: 2000
Number of Separate Electric Meters: 8
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
Parcel Number: 18-11-26-102-001.000-003
Property Location: City/Town/Suburb
Township: Center
Source System Name: C2C
Source Listing Status: Pending
County: Delaware County
Directions: From SR 67, W on E 29th St, N on Meeker Ave, E on 26th St
Tax Year: 2024
Source Property Type: INVESTMENT
Insurance Expense: 2000
Number of Separate Electric Meters: 8
Number of Separate Water Meters: 1
Owner Pays: Building Insurance, Lawn Maintenance, Sewer, Tax, Water
Parcel Number: 18-11-26-102-001.000-003
Property Location: City/Town/Suburb
Township: Center
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $98,500 + $26,100 $124,600 | $3,735 |
| 2020 | $112,500 + $26,100 $138,600 | $4,014 |
| 2019 | $112,500 + $26,100 $138,600 | $4,014 |
| 2018 | $112,500 + $26,100 $138,600 | $4,015 |
| 2017 | $101,900 + $26,100 $128,000 | $3,890 |
| 2017 | $107,100 + $26,100 $133,200 | $3,890 |
| 2016 | $93,500 + $26,100 $119,600 | $3,765 |
| 2015 | $92,400 + $26,100 $118,500 | $3,332 |
| 2013 | $68,300 + $15,100 $83,400 | $4,113 |
| 2012 | $91,000 + $16,400 $107,400 | $5,501 |
| 2011 | $97,900 + $12,600 $110,500 | $4,864 |
| 2010 | $99,900 + $12,600 $112,500 | $2,763 |
Listed 2024-05-15
$299,000
IRMLS
Listing removed 2023-05-26
$199,000
MIBOR
Listed 2023-05-06
$199,000
MIBOR
$299,000
IRMLS
Listing removed 2023-05-26
$199,000
MIBOR
Listed 2023-05-06
$199,000
MIBOR
Net Operating Income: 33737.02
Total Square Feet Living: 6400
Year Built: 1925
Above Grade Finished Area: 6400
Property Age: 99
Roof: Metal, Shingle
Levels or Stories: 2
Structure Type: Apartment Building
House Style: Two Story
Total Area Main: 3200
Total Area Sqft: 6400
Total Area Upper: 3200
Year Built: 1925
Above Grade Finished Area: 6400
Property Age: 99
Roof: Metal, Shingle
Levels or Stories: 2
Structure Type: Apartment Building
House Style: Two Story
Total Area Main: 3200
Total Area Sqft: 6400
Total Area Upper: 3200
Sewer: City
City
Water Sewer Expense: 4200
City
Water Sewer Expense: 4200
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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.