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709 S Hutchinson Ave, Muncie, IN 47303, USA

$550,000

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16 Beds 8 Baths - Apartment
709 S Hutchinson Ave, Muncie, IN 47303-5227, United States
8 Unit Rental Property Muncie, IN for Sale. Muncie, IN. 709 S. Hutchinson Ave., Muncie, IN 47303 listed on Zillow and Realtor.
Listed 550k
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. 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.
Actual Midterm rent 1500/month for Unit 1. Rent was 1500/month in July 2024. Unit furnished unit to see potential for midterm rentals. Hospital has on and off contracts with travel nurses and other healthcare workers. Unit 1 will be fully furnished with sale.

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