NOT LISTED FOR SALE
9 Beds
5.5 Baths
3,940 Sq Ft
4,125 Sq Ft Lot

Last Sold April 21, 2023

Last sale price $120,000 $30 Per Sq Ft

175 Days on Market

Highlights

  • Covered patio or porch
  • Laundry Facilities
  • 4-minute walk to Community Circle
  • Forced Air Heating System

About This Home

As of April 2023

Investment opportunity! 5-unit apartment building minutes from White River and BSU. 2.5 story property. On and off-Street parking available. Units 1 & 5 are currently rented on 12-month leases. Both are rented for $550 with utilities included. Units #1,2,3 and 5 are all 2 bedrooms. Unit #4 is a 1 bedroom. Units #5 has a 1.5 bath. Shared laundry room in the back with coin operated washer and dryers. The property features a metal roof and basement for easy access to systems.

Last Listed By

Heather Clemmons

Starr Real Estate LLC Listed on: 10/24/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,720

Year Built

  • Built in 1890

Lot Details

  • 4,125 Sq Ft Lot
  • Lot Dimensions are 33x125

Home Design

  • Converted Dwelling
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 3,940 Sq Ft Home
  • 2.5-Story Property
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 9 Bedrooms

Parking

  • 5 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Schools

  • East Washington Academy Elementary School
  • Northside Middle School
  • Central High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Suburban Location

Listing and Financial Details

  • The owner pays for electric, fuel, heating, maintenance, sewer, tax, trash collection, water
  • Assessor Parcel Number 18-11-09-459-005.000-003

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $2,468
  • Fuel Expense $2,468
  • Water Sewer Expense $2,468

Additional Features

  • 5 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,720

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fiveplex
  • Year Built: 1890
  • Age: 133
  • Style: Two and Half Story
  • Architectural Style: Converted House
  • Bedrooms: 9
  • Number Above Grade Bedrooms: 9
  • Total Bathrooms: 6
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 1
  • Legal Description: STEPHENS W52HLF FT EX W18.10FT LOT 2
  • Parcel Number ID: 18-11-09-459-005.000-003
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Cable Available, Porch Covered
  • Location: City/Town/Suburb
  • Sp Lp Percent: 85.78
  • Monthly Gross Income: 2750
  • Year Taxes Payable: 2022
  • Special Features: None

Interior Features

  • Total Sq Ft: 3940
  • Total Finished Sq Ft: 3940
  • Above Grade Finished Sq Ft: 3940
  • Price Per Sq Ft: 30.46
  • Basement: Yes
  • Basement Foundation: Crawl, Partial Basement
  • Flooring: Mixed

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Metal
  • Stories: 2.5

Garage/Parking

  • Number Of Parking Spaces: 5
  • Parking: Off Street, Street

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2468
  • Annual Fuel Expense: 2468
  • Annual Water Sewer Expense: 2468
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities
  • Pet Restrictions: Yes

Schools

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

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 33X125
  • Estimated Lot Sq Ft: 4125
  • Estimated Lot Size Acres: 0.1
  • Lot Number: 2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Heating, Maintenance, Sewer, Tax, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2750
  • Number Of Dryers: 1
  • Number Of Units: 5
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 1
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2720

MLS Schools

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

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
04/21/2023 04/21/23 Sold $120,000 -14.2% $30 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/24/2023 03/24/23 Price Changed $139,900 -3.5% $36 / Sq Ft
02/13/2023 02/13/23 Price Changed $144,900 -14.7% $37 / Sq Ft
12/13/2022 12/13/22 Price Changed $169,900 -2.9% $43 / Sq Ft
11/25/2022 11/25/22 Price Changed $174,900 -2.8% $44 / Sq Ft
10/24/2022 10/24/22 For Sale $179,900 -- $46 / 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: 202244234

Indiana Regional MLS