NOT LISTED FOR SALE

1517 S Walnut St Unit 1517, 1513, 1523, 15 Muncie, IN 47302

South Central Neighborhood
6 Beds
6 Baths
2,904 Sq Ft
6,670 Sq Ft Lot

Last Sold February 18, 2022

Last sale price $136,000 $47 Per Sq Ft

323 Days on Market

About This Home

As of February 2022

Investment Opportunity - 11-unit Apartments and an office space. All on South Walnut Street in Muncie. 2- two story commercial buildings (1523- 2 units/ office and 1525- 3 units). A two story 6-unit apartment building (1517-1519)and a parking lot (1513). Rents range $450-500 per unit. All utilities included. As the units become available upgrades have been made to the vacant unit. Most units still have Not been remodeled and do need some improvements. Most units have long term renters on month-to-month leases. Upgrades include per seller: 2 new water heaters, rubber roof over unit 2 and a complete upgrade in unit 3.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 03/08/2021

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,291

Year Built

  • Built in 1948

Lot Details

  • 6,670 Sq Ft Lot
  • Lot Dimensions are 59x115
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2,904 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Off-Street Parking

Utilities

  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for electric, fuel, heating, maintenance, sewer, tax, water
  • Assessor Parcel Number 18-11-16-479-010.000-003

Community Details

Overview

  • 11 Units

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,291

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1948
  • Age: 74
  • Style: Detached
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: (1517) ALEX W ADD PT 0.0000ACRES STR: 162010 IN: 1-4 OUT: (1513) ALEX W ADD 20FTX115FT 0.0000ACRES STR: 162010 IN: 1 OUT: (1523) ALEX WIL ADD PT 0.0000ACRES STR: 162010 IN: 4 OUT: (1525) ALEX W ADD PT LOT 4 0.0000ACRES STR: 162010 IN: 4 OUT:
  • Parcel Number ID: 18-11-16-479-010.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Water Heater Electric, Water Heater Gas
  • Sp Lp Percent: 93.86
  • Monthly Gross Income: 5050
  • Special Features: None

Interior Features

  • Total Sq Ft: 2904
  • Total Finished Sq Ft: 2904
  • Above Grade Finished Sq Ft: 2904
  • Price Per Sq Ft: 46.83
  • Flooring: Mixed

Exterior Features

  • Exterior: Brick, Stone, Wood
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Off Street

Utilities

  • Heating Fuel: Electricity, Gas
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 8736
  • Annual Fuel Expense: 2370
  • Annual Water Sewer Expense: 3380

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 59x115
  • Estimated Lot Sq Ft: 6670
  • Estimated Lot Size Acres: 0.1531
  • Lot Number: 1

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Electric, Fuel, Heating, Maintenance, Sewer, Tax, Water

Multi Family

  • Gross Monthly Rent: 5050
  • Number Of Units: 11
  • Num Of1 Bedrooms: 11
  • Num Of Units Rented: 10

Tax Info

  • Annual Property Tax: 3291

Range of Values:

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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
02/18/2022 02/18/22 Sold $136,000 -6.1% $47 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
11/16/2021 11/16/21 Price Changed $144,900 -3.3% $50 / Sq Ft
09/03/2021 09/03/21 For Sale $149,900 0.0% $52 / Sq Ft
09/03/2021 09/03/21 Price Changed $149,900 -3.8% $52 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/28/2021 07/28/21 Price Changed $155,900 -2.5% $54 / Sq Ft
06/29/2021 06/29/21 For Sale $159,900 0.0% $55 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
05/29/2021 05/29/21 Price Changed $159,900 -5.9% $55 / Sq Ft
03/08/2021 03/08/21 For Sale $169,900 -- $59 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Heather Clemmons

    Seller's Agent in 2022

    Heather Clemmons

    Starr Real Estate LLC

    (765) 288-1711

    10 in this area

    490 Total Sales

    Heather Clemmons
    Section Image
  • Diana Martin

    Buyer's Agent in 2022

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    8 in this area

    3,790 Total Sales

    Diana Martin
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202107293

Indiana Regional MLS
Indiana Delaware County Muncie 47302 South Central

1517 S Walnut St Unit 1517, 1513, 1523, 15, Muncie, IN

This home is located at 1517 S Walnut St Unit 1517, 1513, 1523, 15, Muncie, IN 47302 since 08 March 2021. This property was built in 1948. 1517 S Walnut St Unit 1517, 1513, 1523, 15 is a home located in Delaware County with nearby schools including South View Elementary School, Muncie Central High School, and Southside Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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