709 Hutchinson, Muncie, IN 47303
Overview
| MLS ID: | #202445010 |
|---|---|
| Price: | $ 550,000 |
| Sq Ft: | 5,432 |
| Finished Sq Ft: | 5,432 |
| Lot Size: | 0.43 Acres |
| Year Built: | 1964 |
| Bedrooms: | 14 |
| Full Bathrooms: | 8 |
| Half Bathrooms: | |
| Taxes: | $ 3,500 |
Solid all-brick 8-plex with significant interior updates. Each unit includes its own washer/dryer. The property features 6 two-bedroom units and 2 one-bedroom units, generating approximately $68,400 in estimated annual gross rents. Furnished rental could produce an extra $5,000-$6,000 annually. Current rents are competitive, with potential for increases. Tenants are responsible for all utilities, keeping operating costs low. Situated near Ball State University and IU Ball Memorial Hospital, this property is also within walking distance of Westside Park and the newly developed skate park. Unit 1 has been a mid-term rental at $1500 a month, but could be a traditional rental, furnished rental, or short/mid-term rental. This unit will sell with all the furnishings.
MLS ID: 202445010
Details
| # of Units | 8 |
|---|---|
| Price Per Unit | 68,750 |
| Above Grade Finished SF | 5,432 |
| Main Level SF | 5,432 |
| Combined Finished SF | 5,432 |
| Below Grade Finished SF | 0 |
| Below Grade Unfinished SF | 0 |
| Total Below Grade SF | 0 |
| Total Sq Ft | 5,432 |
| Lot Dimensions | 150x150 |
| Approx Lot Size SqFt | 18,731 |
| Approx Lot Size Acres | 0.430 |
| Garage SF | 0 |
|---|
| Water Front | No |
|---|
| Style | One Story |
|---|---|
| New Construction | No |
| Elementary School | Westview |
|---|---|
| Middle School | Northside |
| Senior | Central |
| District | Muncie Community Schools |
| # Bedrooms | 14 |
|---|---|
| # of Full Baths | 8 |
| # of Half Baths | 0 |
| Living Room | 6 x 0 |
| Bedroom 4 | 8 x 0 |
| Bedroom 5 | 8 x 8 |
| Extra Room | 8 x 8 |
| Laundry Room | 15 x |
| Annual Gross Rent Income | $68,400.00 |
|---|---|
| Annual Sewer Expense | $0.00 |
| Annual Fuel Expense | $0.00 |
| Annual Electric Expense | $0.00 |
| Annual Trash Expense | $0.00 |
| Annual Property Tax | $5,110.00 |
Map
Listing Office: RE/MAX Real Estate Groups
Listing Agent: Ryan Kramer
Disclaimer:
Mortgage
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