NOT LISTED FOR SALE

801 W Riverside Ave Muncie, IN 47303

Riverside-Normal City Neighborhood
10 Beds
6 Baths
4,192 Sq Ft
7,841 Sq Ft Lot

Last Sold September 30, 2016

Last sale price $160,000 $38 Per Sq Ft

138 Days on Market

Highlights

  • Luxury Vinyl Tile Flooring
  • Level Lot
  • 5-minute walk to Emerson Memorial Greenspace Park
  • Forced Air Heating System

About This Home

As of September 2016

LOCATION, LOCATION, LOCATION! Two buildings on one lot with a total of 6 rental units. Front house has 4 rental units; 2 units are one bedroom units and 2 units have 2 bedrooms. The rear house (723 N Reserve) has a two bedroom unit on the ground level and the upper unit has 2 bedrooms with a finished attic that has been used as a 3rd bedroom. The gross income from this property in 2014-2015 was $3425 per month with owner paying utilities. The four adjoining lots have been cleared and prepared for new construction. Great location near Fraternities and Apartments on the main road through Ball State University. Current owner inherited and does not have historical expenses and is unsure of updates. This property can be purchased separately or as a 5 property package with MLS #'s: 201612272, 201612308, 201612333, & 201612343.

Last Listed By

Brian Allardt

Coldwell Banker Real Estate Group Listed on: 03/25/2016

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,446

Year Built

  • Built in 1893

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 57x140
  • Level Lot

Home Design

  • Brick Foundation
  • Vinyl Construction Material

Interior Spaces

  • 2.5-Story Property

Flooring

  • Carpet
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Partially Finished Basement

  • Block Basement Construction
  • Crawl Space

Parking

  • 6 Parking Spaces
  • Gravel Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Buildings
  • 6 Units

Listing and Financial Details

  • Tenant pays for cable
  • The owner pays for electric, fuel, heating, lawn maintenance, maintenance, sewer, tax, water
  • Assessor Parcel Number 18-11-09-402-007.000-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,446

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Sixplex
  • Year Built: 1893
  • Age: 123
  • Style: Two and Half Story
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 6
  • Total Full Bathrooms: 6
  • Legal Description: Lot 1, Riverside Addition STR 092010
  • Parcel Number ID: 18-11-09-402-007.000-003
  • Platted: Yes
  • Amenities: Basement
  • Sp Lp Percent: 89.39
  • Monthly Gross Income: 3425
  • Special Features: None

Interior Features

  • Total Sq Ft: 4385
  • Total Finished Sq Ft: 4192
  • Above Grade Finished Sq Ft: 4192
  • Below Grade Sq Ft: 193
  • Price Per Sq Ft: 38.17
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Basement Material: Block, Brick
  • Flooring: Carpet, Vinyl Tile
  • Total Below Grade Sq Ft: 193
  • Number Of Ranges Ovens: 6

Exterior Features

  • Exterior: Vinyl
  • Stories: 2.5

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking: Gravel

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 57x140
  • Estimated Lot Sq Ft: 7841
  • Estimated Lot Size Acres: 0.18

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Water
  • Tenant Pays: Cable

Multi Family

  • Gross Monthly Rent: 3425
  • Number Of Refrigerators: 6
  • Number Of Units: 6
  • Num Of1 Bedrooms: 2
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 3446

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/30/2016 09/30/16 Sold $160,000 -10.6% $38 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
03/25/2016 03/25/16 For Sale $179,000 -- $43 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brian Allardt

    Seller's Agent in 2016

    Brian Allardt

    Coldwell Banker Real Estate Group

    (765) 808-1400

    3 in this area

    67 Total Sales

    Brian Allardt
    Section Image

  • R

    Buyer's Agent in 2016

    Reika Wilson

    Keller Williams Indy Metro North

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 201612287

Indiana Regional MLS

Indiana Delaware County Muncie 47303 Riverside-Normal City

801 W Riverside Ave, Muncie, IN

Homes for Sale in Muncie, IN

This home is located at 801 W Riverside Ave, Muncie, IN 47303 since 25 March 2016. This property was built in 1893. 801 W Riverside Ave is a home located in Delaware County with nearby schools including Muncie Central High School, West View Elementary 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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