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Denise Jarboe

denise@theharrisgrouprealty.com +1(270) 993-6433

Listed by Jacob Wagner • Coldwell Banker Real Estate Group • Cell: 317-448-8852

$665,000

Est. payment - /mo

8 Baths

0.45 Acres Lot

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202635929

HOA Y/N No

Year Built 1964

Annual Tax Amount $4,998

Tax Year 25

Lot Size 0.450 Acres

Acres 0.45

Lot Dimensions Irregular

Property Sub-Type Other

Property Description

709 South Hutchinson Avenue is an 8 unit apartment community built in 1964, comprising two buildings totaling 5,432 square feet (4,028 and 1,404 square feet) on a nearly half acre lot, plus a utility shed and paved off street parking. The unit mix consists of 6 two bedroom units and 2 one bedroom units, for 14 beds and 8 baths total. Every unit has been completely remodeled within the past couple of years, the property received a new shingle roof in 2025, and washer/dryer hookups in every unit. Water, sewer, and trash are billed back to tenants monthly, helping offset owner operating costs. The result is a well maintained, largely turnkey multifamily asset with minimal near term capital needs for an incoming buyer. 709 South Hutchinson Avenue sits in Muncie's Westside neighborhood, in Delaware County's Center Township, on a paved side street just west of Wheeling Avenue between State Road 332 and White River Boulevard. The property is positioned between the White River and Ball State University, putting it within easy reach of both the university and IU Health Ball Memorial Hospital, two of the area's largest employers and steady sources of rental demand.? Tree lined streets and a mix of mid century ranches and bungalows define the immediate surroundings, and residents are a short distance from Minnetrista Museum & Gardens and the David Owsley Museum of Art. All public utilities, including electricity, gas, sewer, and water, serve the site.

Location

State IN

County Delaware County

Rooms

Basement Slab

Interior

Heating Gas

Inclusions Building, Lease

Fireplace N

Exterior

Parking Features Parking Lot, Paved, Private

View Y/N true

Building

Sewer Public Sewer

Water City, Public

New Construction Yes

Others

Pets Allowed No

Tax ID 18-11-17-260-010.000-003

Acceptable Financing IRM202635929

Listing Terms IRM202635929

Special Listing Condition None

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Denise Jarboe

+1(270) 993-6433

Broker Associate License ID: RB20000819

709 S Hutchinson AVE Muncie, IN 47303

Denise Jarboe

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION