$849,900

2225 S Hoyt Ave Muncie, IN 47302

Thomas Park-Avondale Neighborhood

Estimated payment $4,877/month

Total Views 9,045
16 Beds
12 Baths
6,688 Sq Ft
$127 Price per Sq Ft

Highlights

  • 0.88 Acre Lot
  • Balcony
  • Landscaped
  • Corner Lot
  • Laundry in Utility Room
  • Baseboard Heating

About This Home

12 unit apartment building offering 8 one bedroom apartments all on ground floor and 4 two bedroom apartments upstairs with balcony's. All units are currently rented. Large parking lot behind the building with an additional lot for more parking. Tenants pay utilities.

Listing Agent

Michael Lambert

Leading Home Realty Brokerage Phone: 765-717-4723 Listed on: 05/06/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,687

Year Built

  • Built in 1984

Lot Details

  • 0.88 Acre Lot
  • Lot Dimensions are 125x168
  • Landscaped
  • Corner Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Laminate Countertops

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 12 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer Hookup

Parking

  • 20 Parking Spaces
  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Balcony
  • Suburban Location

Listing and Financial Details

  • The owner pays for lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 18-11-21-117-008.000-003

Community Details

Overview

  • 12 Units

Building Details

  • 12 Separate Electric Meters
  • 1 Separate Water Meter
  • Insurance Expense $4,200
  • Trash Expense $1,500
  • Water Sewer Expense $3,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,687

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1984
  • Age: 41
  • Style: Two Story
  • Bedrooms: 16
  • Number Above Grade Bedrooms: 16
  • Total Bathrooms: 12
  • Total Full Bathrooms: 12
  • Legal Description: CHASE ADD LOTS 242 243 & 244 and CHASE ADD E 10' 204 0.0000Acres STR: 212010 IN: 203-204 OUT:
  • Parcel Number ID: 18-11-21-117-008.000-003
  • Platted: Yes
  • Amenities: Off Street Parking, Balcony, Cable Available, Countertops-Laminate, Detector-Smoke, Landscaped, Water Heater Electric, Washer Hook-Up
  • Location: City/Town/Suburb
  • Parcel Id2: 18-11-21-117-003.000-003
  • Monthly Gross Income: 8058
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 6688
  • Total Finished Sq Ft: 6688
  • Above Grade Finished Sq Ft: 6688
  • Price Per Sq Ft: 127.08
  • Basement Foundation: Slab
  • Flooring: Vinyl
  • Main Level Sq Ft: 3344
  • Number Of Ranges Ovens: 6

Exterior Features

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

Garage/Parking

  • Driveway: Concrete
  • Number Of Parking Spaces: 20
  • Parking: Paved

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Baseboard
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Cable Company: Comcast/Xfinity
  • Annual Insurance Expense: 4200
  • Annual Trash Expense: 1500
  • Annual Water Sewer Expense: 3000
  • Number Electric Meters: 12
  • Number Of W D Hookups: 12
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Sidewalks

Schools

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

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 125X168
  • Estimated Lot Sq Ft: 38333
  • Estimated Lot Size Acres: 0.88

Rental Info

  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 7975
  • Number Of Refrigerators: 6
  • Number Of Units: 12
  • Num Of1 Bedrooms: 8
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 9

Tax Info

  • Annual Property Tax: 2687

MLS Schools

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

Map

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
05/06/2025 05/06/25 For Sale $849,900 +70.0% $127 / Sq Ft
04/12/2024 04/12/24 Sold $500,000 0.0% $75 / Sq Ft
01/05/2024 01/05/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $500,000 -- $75 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202516238

Indiana Regional MLS

Indiana Delaware County Muncie 47302 Thomas Park-Avondale

2225 S Hoyt Ave, Muncie, IN

This home is located at 2225 S Hoyt Ave, Muncie, IN 47302 and is currently priced at $849,900, approximately $127 per square foot. This property was built in 1984. 2225 S Hoyt Ave 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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Michael Lambert
Listing Agent
Michael Lambert
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Leading Home Realty
(765) 517-6102