NOT LISTED FOR SALE
4 Beds
4 Baths
2,700 Sq Ft
3,920 Sq Ft Lot

Last Sold June 24, 2021

Last sale price $8,000 $3 Per Sq Ft

38 Days on Market

Highlights

  • Traditional Architecture
  • Covered patio or porch
  • Level Lot
  • Wood Flooring
  • Baseboard Heating
  • 1-minute walk to Clifton Wallace Park

About This Home

As of June 2021

Fantastic investment opportunity! Large 4-unit apartment building with a basement. Two story building 2700 sq ft with a partial basement. Some off street parking. 4- separated electric meters. 1 unit upstairs and 3 units downstairs. The building is currently vacant and ready for new owners to rehab. Part of the property has fire damage.

Last Agent to Sell the Property

Heather Clemmons

Starr Real Estate LLC Listed on: 05/03/2021

Last Buyer's Agent

Diana Martin

NonMember MEIAR

NonMember MEIAR

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1896

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 40x98
  • Level Lot

Home Design

  • Traditional Architecture
  • Masonry Siding
  • Masonry

Interior Spaces

  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Covered patio or porch

Utilities

  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for building insurance, fuel, maintenance, sewer, tax, water
  • Assessor Parcel Number 18-11-16-234-019.000-003

Community Details

Overview

  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $950
  • Maintenance Expense $1,460
  • Water Sewer Expense $890

Property Details

Home Type

Apartment

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1896
  • Age: 125
  • Style: One Story
  • Architectural Style: Traditional
  • Bedrooms: 4
  • Number Above Grade Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: MESS/RICHEYS ADD 0.0000ACRES STR: 162010 IN: 6 OUT:
  • Parcel Number ID: 18-11-16-234-019.000-003
  • Platted: Yes
  • Amenities: Basement, Porch Covered, Water Heater Electric
  • Sp Lp Percent: 44.69
  • Monthly Gross Income: 1600
  • Special Features: None

Interior Features

  • Total Sq Ft: 3332
  • Total Finished Sq Ft: 2700
  • Above Grade Finished Sq Ft: 2700
  • Below Grade Sq Ft: 632
  • Price Per Sq Ft: 2.96
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 632

Exterior Features

  • Exterior: Masonry
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking: Off Street

Utilities

  • Heating Fuel: Electricity, Baseboard
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 950
  • Annual Maintenance Expense: 1460
  • Annual Water Sewer Expense: 890
  • Number Electric Meters: 4
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: Muncie Community Schools
  • Elementary School: East Washington Academy
  • Middle School: Northside
  • High School: Central

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 40x98
  • Estimated Lot Sq Ft: 3920
  • Estimated Lot Size Acres: 0.09
  • Lot Number: 6

Rental Info

  • Owner Pays: Building Insurance, Fuel, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 73200
  • Annual Property Tax: 1300

Multi Family

  • Gross Monthly Rent: 1600
  • Number Of Units: 4
  • Num Of1 Bedrooms: 4

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
06/24/2021 06/24/21 Sold $8,000 -55.3% $3 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/28/2021 05/28/21 Price Changed $17,900 -10.1% $7 / Sq Ft
05/10/2021 05/10/21 Price Changed $19,900 -20.1% $7 / Sq Ft
05/03/2021 05/03/21 For Sale $24,900 -- $9 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202115556

Indiana Regional MLS