$630,000

3114 W Devon Rd Muncie, IN 47304

University Heights-Muncie Neighborhood

Estimated payment $4,014/month

Total Views 4,663
15 Beds
7 Baths
5,982 Sq Ft
$105 Price per Sq Ft

Highlights

  • 1 Car Garage
  • Level Lot
  • 1-Story Property
  • Forced Air Heating System

About This Home

6 UNIT- FULLY OCCUPIED MUNCIE PORTFOLIO of single family homes with great rental history, location, and rentability. These 6 homes consist of 5 long term rentals and 1 mid-term furnished rental. Gross monthly rent is $6,250 with $4,650 on the long term rentals and $1600 a month on the furnished mid-term rental. Rents are below market rate and could be increased. 104 E Berkley: mid-term furnished rental $1600 a month, 2bdr 1ba, 1 car attached garage GFA/CA. 3114 W Devon: 3bdr, 1ba, attached carport, covered back porch GFA/CA. 3700 N Walnut: 3 bdr, 2 full baths, 2 car attached garage GFA/CA. 808 W Harvard: 2bdr, 1ba, large 1 car attached garage, GFA/CA. 106 E Harvard: 2bdr 1ba, large 1 car detached garage, C/A, baseboard heat. 312 E Berkley: 3bdr, 1ba, 2.5 car detached garage. All appliances owned by the seller. No contract sales. Tenants pay all utilities including water and sewer with exception of mid-term rental where seller pays all.

Listing Agent

Ryan Kramer

RE/MAX Real Estate Groups Brokerage Phone: 765-717-2489

RE/MAX Real Estate Groups

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,250

Year Built

  • Built in 1951

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 5,982 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 7 Full Bathrooms

Schools

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 18-11-08-156-012.000-003

Community Details

Overview

  • 6 Buildings
  • 6 Units
  • University Heights Subdivision

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,000
  • Fuel Expense $1,200
  • Insurance Expense $4,900
  • Maintenance Expense $3,600
  • Water Sewer Expense $1,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,250

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1951
  • Age: 74
  • Style: One Story
  • Bedrooms: 15
  • Number Above Grade Bedrooms: 15
  • Total Bathrooms: 7
  • Total Full Bathrooms: 7
  • Legal Description: UNIVER HTS REPLT LOT 82
  • Parcel Number ID: 18-11-08-156-012.000-003
  • Platted: Yes
  • Monthly Gross Income: 6250
  • Year Taxes Payable: 2025
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 5982
  • Total Finished Sq Ft: 5982
  • Above Grade Finished Sq Ft: 5982
  • Price Per Sq Ft: 105.32
  • Basement Foundation: Crawl
  • Number Of Microwaves: 3
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 12

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1000
  • Annual Fuel Expense: 1200
  • Annual Insurance Expense: 4900
  • Annual Maintenance Expense: 3600
  • Annual Water Sewer Expense: 1000
  • Number Of W D Hookups: 6

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 60x120
  • Estimated Lot Sq Ft: 7405
  • Estimated Lot Size Acres: 0.17

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 6250
  • Number Of Dishwashers: 2
  • Number Of Dryers: 6
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Number Of Washers: 6
  • Num Of2 Bedrooms: 3
  • Number Of 3 Bedrooms: 3
  • Num Of Units Rented: 6

Tax Info

  • Annual Property Tax: 6250

MLS Schools

  • High School: Central
  • Middle School: Northside
  • 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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,038 $96,500 $16,600 $79,900
2023 $1,900 $89,600 $16,600 $73,000
2022 $1,580 $73,600 $16,600 $57,000
2021 $1,408 $65,000 $15,400 $49,600
2020 $1,234 $56,300 $15,000 $41,300
2019 $1,280 $58,600 $13,600 $45,000
2018 $1,282 $58,700 $13,600 $45,100
2017 $1,312 $60,200 $13,400 $46,800
2016 $1,254 $57,300 $12,700 $44,600
2014 $1,129 $54,300 $12,600 $41,700
2013 -- $56,400 $12,600 $43,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2025 05/05/25 For Sale $630,000 -- $105 / Sq Ft
Source: Indiana Regional MLS

Deed History

Date Type Sale Price Title Company
Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 New Conventional
Closed $35,200 New Conventional
Source: Public Records

Source: Indiana Regional MLS

MLS Number: 202516002

Indiana Regional MLS

APN: 18-11-08-156-012.000-003

Indiana Delaware County Muncie 47304 University Heights-Muncie

3114 W Devon Rd, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 3114 W Devon Rd, Muncie, IN 47304 and is currently priced at $630,000, approximately $105 per square foot. This property was built in 1951. 3114 W Devon Rd 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.

Ryan Kramer
Listing Agent
Ryan Kramer
Section Image
RE/MAX Real Estate Groups
(765) 308-4405