$325,000
SOLD APR 28, 2025
7 Beds
7 Baths
3,277 Sq Ft
7,400 Sq Ft Lot

Recently Sold

$99 Per Sq Ft

6% Below List Price

84 Days on Market

Highlights

  • Baseboard Heating
  • Vinyl Flooring
  • 1-Story Property
  • Level Lot

About This Home

As of April 2025

Seven-unit apartment building in Muncie with five units currently occupied and two in rent-ready condition! All units have been cosmetically updated within the past 5 years. Brand new roof in March 2025! Tenants pay electricity. Owner pays w/s/t. Professional property management in place.

Last Agent to Sell the Property

Audra Cannon

CRM Properties, Inc Brokerage Phone: 765-431-9111 Listed on: 12/22/2024

Last Buyer's Agent

RACI NonMember

NonMember RACI

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,972

Year Built

  • Built in 1969

Lot Details

  • 7,400 Sq Ft Lot
  • Level Lot

Parking

  • 7 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Slab Foundation

Interior Spaces

  • 3,277 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Schools

  • Southview Elementary School
  • Southside Middle School
  • Central High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 18-11-21-113-015.000-003

Community Details

Overview

  • 7 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $4,000
  • Water Sewer Expense $2,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,972

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sevenplex
  • Year Built: 1969
  • Age: 56
  • Style: One Story
  • Architectural Style: Ranch
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 7
  • Total Full Bathrooms: 7
  • Legal Description: Chase Add Lot 143
  • Parcel Number ID: 18-11-21-113-015.000-003
  • Platted: Yes
  • Sp Lp Percent: 94.23
  • Monthly Gross Income: 3690
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 3277
  • Total Finished Sq Ft: 3277
  • Above Grade Finished Sq Ft: 3277
  • Price Per Sq Ft: 99.18
  • Basement Foundation: Slab
  • Basement Material: Brick
  • Flooring: Mixed, Vinyl
  • Number Of Ranges Ovens: 7

Exterior Features

  • Exterior: Brick
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 7

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Indiana Michigan Power
  • Water Company: Indiana American Water Co
  • Annual Insurance Expense: 4000
  • Annual Water Sewer Expense: 2000

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 7400
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: 1 Year, Month to Month
  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 3690
  • Number Of Refrigerators: 7
  • Number Of Units: 7
  • Num Of1 Bedrooms: 7
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 1972

MLS Schools

  • High School: Central
  • Middle School: Southside
  • School District: Muncie Community Schools

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $325,000 -5.8% $99 / Sq Ft
03/16/2025 03/16/25 Pending -- -- --
03/12/2025 03/12/25 For Sale $344,900 0.0% $105 / Sq Ft
01/04/2025 01/04/25 Pending -- -- --
12/22/2024 12/22/24 For Sale $344,900 +28.7% $105 / Sq Ft
11/01/2021 11/01/21 Sold $268,000 -4.3% --
08/30/2021 08/30/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $279,900 -- --
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202447867

Indiana Regional MLS