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Property view

709 S Hutchinson Avenue, 
Muncie, IN 47303

$560,000


14

Beds


8

Baths


5,432

Sq Ft


Multi-Family

Sold

Listed by

Ryan Kramer

RE/MAX Real Estate Groups

Cell: 765-717-2489

MLS#

202445010

Source:

Indiana Regional MLS

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About This Home

709 S Hutchinson Avenue

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.

Home Facts

Multi-Family

8 Baths

14 Bedrooms

Built in 1964

Price Summary

550,000

$101 per Sq. Ft.

MLS #:

202445010

Sold:

January 21, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

14

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

8

Interior

Living Area:

5,432 Sq. Ft.


Structure

Structure

Architectural Style:

One Story

Building Area:

5,432 Sq. Ft.

Year Built:

1964


Lot

Lot Size (Sq. Ft):

18,731


Finances & Disclosures

Finances

Price:

$550,000

Price per Sq. Ft:

$101 per Sq. Ft.

Source:Indiana Regional MLS
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.