The ORR Home Selling Team Real Estate Groups
  • 2200 W. McGalliard Road
    Muncie, IN 47304
The ORR Home Selling Team Real Estate Groups

Muncie, IN 47303 709 S Hutchinson Avenue

$550,000

Pending
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Presented By: Ryan Kramer with RE/MAX Real Estate Groups; Cell: 765-717-2489
  • MLS# 202445010
  • 11/21/2024
  • Get pre-approved
  • Request Tour
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  • Beds • 14
  • Baths • 8
  • SQFT • 5,432

Home Details

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.
Presented By: Ryan Kramer with RE/MAX Real Estate Groups; Cell: 765-717-2489

Interior Features for 709 S Hutchinson Avenue

Bedrooms

Num. of 1 Bedrooms2
Num. of 2 Bedrooms6
Num. of 3 Bedrooms0
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms2
Unit 2-# of Bedrooms2
Unit 3-# of Bedrooms2
Unit 4-# of Bedrooms2
Unit 5-# of Bedrooms1
Unit 6-# of Bedrooms1
Above Grade Bedrooms14
Beds14
Below Grade Bedrooms

Bathrooms

Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Unit 6-# of Bathrooms1
Below Grade Baths

Other Interior Features

Unit 3 SqFt679
Unit 1 SqFt679
Unit 4 SqFt679
Unit 2 SqFt679
Unit 6 SqFt559
Unit 5 SqFt559
Total Finished SqFt5432
Basement Y/NNo
Above Grade Finished SqFt5432
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt5432
Num. of Efficiencies
BasementSlab
Dishwasher(s)
Disposal(s)
Dryer(s)8
FlooringMixed, Vinyl
Microwaves
Ranges/Ovens8
Refrigerators8
Total Number of Units8
W/D Hookups8
Washers8

Other Rooms

Total Rooms Below Grade

General for 709 S Hutchinson Avenue

# of Buildings1
Age60
Agent First NameRyan
Agent Last NameKramer
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense3500
Annual Trash Expense
AreaDelaware County
Assoc. Dues FrequencyNot Applicable
Associated Document Count1
Auction Y/NNo
Bathrooms8
CityMuncie
ClassINVESTMENT
CoolingNone
DOM6
Elementary SchoolWestview
FIPS Code18035
FeaturesOther-See Remarks
Full Baths8
Half Baths
HeatingBaseboard
High SchoolCentral
Legal DescriptionSUB WSD ADD PT LOT 1012 & N 27.5 FT OF LOT 1067 & VAC ALLEYS
Middle SchoolNorthside
Net Income53790
New ConstructionNo
OwnerPaysBuilding Insurance, Lawn Maintenance, Maintenance, Snow Removal
Pet Restrictions Y/NNo
REONo
Rent Income68400
School DistrictMuncie Community Schools
SewerCity
StatusPending
StatusPending
Status Detail0
Stories1
StyleOne Story
SubdivisionNone
Tax Year2024
Tenant PaysCable, Electric, Sewer, Trash Collection, Water
Total Sq Ft5432
TownshipCenter
TypeEightplex
Year Built1964

Exterior for 709 S Hutchinson Avenue

Approx. Lot Size Acres0.43
Electric Meters8
ExteriorBrick
Gas Meters
Lot DescriptionLevel
Lot Dimensions150x150
Lot Size Area18731
Number of Parking Spaces15
OutbuildingNone
PoolNo
Water Meters1
Waterfront Y/NNo

Additional Details

Price History

Schools

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

Ryan Orr

Associate
Price $550,000
MLS#202445010
List Date 11/21/2024
Property Type Pending
Phone (765) 744-9500
Get pre-approved
Request Tour
Request Info
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