709 S Hutchinson Avenue
Muncie, IN
$665,000
709 S Hutchinson Avenue, Muncie, IN 47303
Muncie, IN 47303
MLS# IRM202635929
Listed 1 day ago
About this home
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.
Property Details
- Type
- Commercial
- Year Built
- 1964
- Lot Size
- 0.45 acres
- Listed
- 1 day ago
- County
- Delaware County
- Listing Office
- Coldwell Banker Real Estate Group
Mortgage Calculator
Estimate principal and interest for this listing.
$133,000
Estimated monthly payment
$3,363/mo
- Principal & interest
- $3,363
- Loan amount
- $532,000
Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.
Listed by Coldwell Banker Real Estate Group. Contact Cell: 317-448-8852.
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