NOT LISTED FOR SALE

805 W University Ave Unit 811 - 813 W Universi Muncie, IN 47303

Riverside-Normal City Neighborhood
-- Bed
-- Bath
5,498 Sq Ft
0.35 Acres

Last Sold April 10, 2014

Last sale price $275,000 $50 Per Sq Ft

15 Days on Market

Highlights

  • 0.35 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot
  • Covered Patio or Porch
  • Hot Water Heating System
  • 4-minute walk to Emerson Memorial Greenspace Park

About This Home

As of April 2014

This is 3 investment properties located together within 3 parcels of land (two of which are joined). This is rare opportunity to buy 3 well cared for homes all together. The location is great! Right next to the White Spot Laundry, convenience store, and a short walk to The Village/BSU. 8 Separate Units and 14 total bedrooms. East House: 4 separate units. The 1st FL Unit is not rented yet -- 3 bdrm and 1400 sq ft. All other rented. The Cape Cod house is one open unit and 3 Bdrms and 1 Bath. The West House is 3 Units, with a 1-2 Bdrm unit in the back and the others are 1 Bdrm units. House 1: 4049 sqft, House 2: 1276 sqft, House 3: 2200 sqft. See this MLS sheet for a breakdown of rents. Income is around $52,000/year. NOI of all three is around $30,000/year. Priced to sell. 70+ photos of homes located on agent's personal website.

Last Agent to Sell the Property

Steve Slavin

Coldwell Banker Real Estate Group Listed on: 03/10/2014

Coldwell Banker Real Estate Group

Co-Listed By

Monte Brown

Coldwell Banker Real Estate Group

Last Buyer's Agent

MEIAR NonMember

NonMember MEIAR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,288

Year Built

  • Built in 1905

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 122x125
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Shingle Roof
  • Wood Siding
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for building insurance, electric, fuel, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 181109413005000

Community Details

Overview

  • 8 Units
  • River Side / Riverside Subdivision

Building Details

  • Electric Expense $2,066
  • Fuel Expense $3,073
  • Insurance Expense $2,927
  • Maintenance Expense $5,146
  • Water Sewer Expense $2,431

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,288

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1905
  • Age: 109
  • Style: Two Story
  • Legal Description: Combined: Riverside Add, Blk 1, Lot 2-4 |
  • Parcel Number ID: 181109413005000
  • Platted: Yes
  • Amenities: Basement, Fireplace, Cable Ready, Porch Covered, Porch Open, Water Heater Electric, Water Heater Gas
  • Zoning Description: Multi-fam
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 4049
  • Total Finished Sq Ft: 5498
  • Above Grade Finished Sq Ft: 4049
  • Below Grade Finished Sq Ft: 1449
  • Price Per Sq Ft: 67.92
  • Basement: Yes
  • Basement Foundation: Full Basement, Walk-Out Basement
  • Main Level Sq Ft: 1449
  • Total Below Grade Sq Ft: 1449

Exterior Features

  • Exterior: Brick, Vinyl, Wood
  • Roof Material: Shingle

Garage/Parking

  • Driveway: Asphalt, Concrete
  • Parking: Paved

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Gas, Forced Air, Hot Water
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M, CenterPoint Energy
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Annual Electric: 2066
  • Annual Fuel Expense: 3073
  • Annual Insurance Expense: 2927
  • Annual Maintenance Expense: 5146
  • Annual Water Sewer Expense: 2431

Schools

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

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 122x125
  • Estimated Lot Sq Ft: 15246
  • Estimated Lot Size Acres: 0.35

Rental Info

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

Tax Info

  • Total Assessed Value: 296900
  • Annual Property Tax: 5288

Multi Family

  • Number Of Units: 8

MLS Schools

  • High School: Central
  • Middle School: Northside

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 List to Sale Price per Sq Ft
04/10/2014 04/10/14 Sold $275,000 +6.2% $50 / Sq Ft
03/25/2014 03/25/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $259,000 -- $47 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Steve Slavin

    Seller's Agent in 2014

    Steve Slavin

    Coldwell Banker Real Estate Group

    (317) 701-5006

    9 in this area

    431 Total Sales

    Steve Slavin
    Section Image
  • Monte Brown

    Seller Co-Listing Agent in 2014

    Monte Brown

    Coldwell Banker Real Estate Group

    (765) 744-1421

    22 Total Sales

    Monte Brown
    Section Image

  • M

    Buyer's Agent in 2014

    MEIAR NonMember

    NonMember MEIAR

See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 20078902

Indiana Regional MLS

APN: 18-11-09-413-005.000-003

Indiana Delaware County Muncie 47303 Riverside-Normal City

805 W University Ave Unit 811 - 813 W Universi, Muncie, IN

This home is located at 805 W University Ave Unit 811 - 813 W Universi, Muncie, IN 47303 since 10 March 2014. This property was built in 1905. 805 W University Ave Unit 811 - 813 W Universi 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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