NOT LISTED FOR SALE

1717 W Ashland Ave Muncie, IN 47303

Riverside-Normal City Neighborhood
24 Beds
8 Baths
7,344 Sq Ft
0.4 Acres

Last Sold April 01, 2022

Last sale price $1,200,000 $163 Per Sq Ft

Highlights

  • 0.4 Acre Lot
  • Backs to Open Ground
  • Eat-In Kitchen
  • Open Floorplan
  • Corner Lot
  • Forced Air Heating and Cooling System

About This Home

As of April 2022

8 unit apartment building located in the village of Ball State university. This building has a all brick exterior. new roof, and a large parking lot with 24 spaces. All 8 apartments have 3 bedrooms with a vanity in each bedroom. Open concept living with a breakfast bar. Laundry in every unit. Walking distance to classes.

Last Agent to Sell the Property

Diana Martin

NonMember MEIAR Listed on: 01/26/2022

NonMember MEIAR

Last Buyer's Agent

Michael Lambert

Leading Home Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 2002

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 145x115
  • Backs to Open Ground
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 7,344 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crawl Space
  • Fire and Smoke Detector
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 8 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Westview Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electric, sewer, water
  • The owner pays for lawn maintenance, maintenance
  • Assessor Parcel Number 18-11-08-434-001.000-003

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Water Meters
  • Insurance Expense $4,000
  • Maintenance Expense $2,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Eightplex
  • Year Built: 2002
  • Style: Two Story
  • Architectural Style: L-Type
  • Bedrooms: 24
  • Number Above Grade Bedrooms: 24
  • Total Bathrooms: 8
  • Total Full Bathrooms: 8
  • Legal Description: UNIVERSITY ADD 0.0000Acres STR: 082010 IN: 2 OUT:
  • Parcel Number ID: 18-11-08-434-001.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Breakfast Bar, Cable Available, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Open Floor Plan, Water Heater Electric, Washer Hook-Up
  • Parcel Id2: 18-11-08-434-003.000-003
  • Sp Lp Percent: 100
  • Monthly Gross Income: 9840
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 7344
  • Total Finished Sq Ft: 7344
  • Above Grade Finished Sq Ft: 7344
  • Price Per Sq Ft: 163.4
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Number Of Disposals: 8
  • Number Of Microwaves: 8
  • Number Of Ranges Ovens: 8

Exterior Features

  • Exterior: Brick
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Concrete
  • Parking: Off Street

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Cable Company: Comcast
  • Annual Insurance Expense: 4000
  • Annual Maintenance Expense: 2100
  • Number Electric Meters: 8
  • Number Of W D Hookups: 8
  • Number Water Meters: 8

Schools

  • School District: Muncie Community Schools
  • Elementary School: Westview
  • Middle School: Northside
  • High School: Central
  • Elementary School: Westview

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: 145x115
  • Estimated Lot Sq Ft: 17424
  • Estimated Lot Size Acres: 0.4

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Maintenance
  • Tenant Pays: Electric, Sewer, Water

Multi Family

  • Gross Monthly Rent: 9840
  • Number Of Dishwashers: 8
  • Number Of Dryers: 8
  • Number Of Refrigerators: 8
  • Number Of Units: 8
  • Number Of Washers: 8
  • Number Of 3 Bedrooms: 8
  • Num Of Units Rented: 8

Tax Info

  • Annual Property Tax: 10000

MLS Schools

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

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
04/01/2022 04/01/22 Sold $1,200,000 0.0% $163 / Sq Ft
01/26/2022 01/26/22 Pending -- -- --
01/26/2022 01/26/22 For Sale $1,200,000 -- $163 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Diana Martin

    NonMember MEIAR

    (765) 747-7197

    32 in this area

    3,913 Total Sales

    Diana Martin
    Section Image
  • Michael Lambert

    Buyer's Agent in 2022

    Michael Lambert

    Leading Home Realty

    (765) 717-4723

    11 in this area

    158 Total Sales

    Michael Lambert
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202211848

Indiana Regional MLS

Indiana Delaware County Muncie 47303 Riverside-Normal City

1717 W Ashland Ave, Muncie, IN

This home is located at 1717 W Ashland Ave, Muncie, IN 47303 since 26 January 2022. This property was built in 2002. 1717 W Ashland Ave is a home located in Delaware County with nearby schools including West View Elementary School, Muncie Central High School, and Northside 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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