114 East 8th Street

Muncie, IN 47302

$219,000
Price
9
Beds
3
Baths
3,159 Sq. Ft.
$69 / Sq. Ft.
3,159
Sq. Ft.
$69
per Sq. Ft.

Description

Investment opportunity! Fully leased trip-plex located on the Southside of down just off S Walnut and not far from Downtown Muncie. Each unit that has 3 bedrooms and 1 bath (plus a living room, kitchen, and the W/D is in the kitchen). One unit that has 2 floors (the one to the right or East). Parking is in the rear. One unit has a newer furnace. Apt 1: leased through 4/2024 at $920 total per month. This total includes a portion of the utilities. Apt 2: leased through 6/2024 at $1000 total per month....Investment opportunity! Fully leased trip-plex located on the Southside of down just off S Walnut and not far from Downtown Muncie. Each unit that has 3 bedrooms and 1 bath (plus a living room, kitchen, and the W/D is in the kitchen). One unit that has 2 floors (the one to the right or East). Parking is in the rear. One unit has a newer furnace. Apt 1: leased through 4/2024 at $920 total per month. This total includes a portion of the utilities. Apt 2: leased through 6/2024 at $1000 total per month. This total includes a portion of the utilities and 2 fees. Apt 3 is leased through 5/2024 and is Section 8 at $800 per month. Tenant #3 has gas and electric in their name. Total Monthly Cash Flow is $2,400 after utilities and fees, $28,800 annualized.
  1. Listed by Steve Slavin • Coldwell Banker Real Estate Group

Property Details for 114 East 8th Street

Style
Two Story
Architectural Style
Traditional
Subdivision
Anthony Park
Waterfront
No
Pet Restrictions
No

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute
LISTING UPDATED: 04/18/2024 03:28 PM

Property Details for 114 East 8th Street

StatusActive
MLS #202339123
Days on Market188
Taxes$1,268 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1886
Lot Size0.14 AC / 6,098 SF
CountyDelaware County

Location

Listing Courtesy of Coldwell Banker Real Estate Group
Add your commute

Building Information for 114 East 8th Street

Stories2Residences3Year Built1886Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

$1,301 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,195

Property Taxes

$106

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 114 East 8th Street

Summary
Location and General Information
  • Area: Delaware County
  • City: Muncie
  • Zip Code: 47302
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -85
  • Fips Code: 18035
  • Directions To Property: Walnut to 8th St, Heading E the home is first on the N side
  • Sea Wall Type: None
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2022
  • Parcel Number Id: 18-11-15-312-012.000-003
School Information
  • School District: Muncie Community Schools
  • Elementary: Southview
  • Middle School: Southside
  • High School: Central
Parking
  • Number Of Parking Spaces: 0
  • Parking: Gravel, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.14
  • Lot Dimensions: X
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 3159.0
  • Upper Level Sqft: 1404.0
  • Approx Lot Size Sqft: 6098.0
  • Above Grade Finished Sqft: 2808.0
  • Below Grade Finished Sqft: 351.0
  • Total Below Grade Sqft: 351.0
  • Total Finished Sqft: 3159.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Corner, 0-2.9999
  • Main Level Sqft: 1404.0
Property and Assessments
  • New Construction: No
  • Year Built: 1886
  • Age: 138
  • Documents Available: LBP Form, Lease, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: Comcast, AT&T
  • Electric Company: AEP/I&M
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Indiana American Water Co, Muncie Sanitary Dist.
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Cable Ready, Countertops-Solid Surf, Deck Open, Detector-Smoke, Eat-In Kitchen, Porch Covered, Twin Sink Vanity, Water Heater Gas, Washer Hook-Up
  • Driveway: Gravel
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
  • Roof Material: Shingle
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 3
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Window
  • Flooring: Vinyl
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 9
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 9
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 9
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 3
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Buildings: 1
  • Number of Units: 3
  • Restrictions: No
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $28,800
  • Annual Insurance Expense: $1,000
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $26,532
  • Annual Property Tax: $1,268
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,400
  • Gross Monthly Rent: $2,400
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $800.00
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Kitchen
  • Unit 1-Lease Exp Date: 04-30-2024
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: apt 1
  • Unit 1-Unit Rent $: $800
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 3
  • Unit 2-Num of Rooms: 5
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: Kitchen
  • Unit 2-Lease Exp Date: 06-30-2024
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: Apt 2
  • Unit 2-Unit Rent $: $800
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 3
  • Unit 3-Num of Rooms: 5
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Garage: No
  • Unit 3-Lease Exp. Date: 05-31-2024
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: Apt 3
  • Unit 3-Unit Rent $: $800
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electric, Fuel

Property History for 114 East 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 114 East 8th Street

Taxable ValueLand$4,600Additions$58,000Total$62,600
Tax Record2023$1,360 ($113 / month)
Home Facts
Baths3Total Finished SqFt2,808 SqFtAbove Grade Finished SqFt2,808 SqFtStories2Lot Size6,040 SqFtStyleTriplexYear Built1886Year Renovated1948CountyDELAWAREAPN18-11-15-312-012.000-003

Schools near 114 East 8th Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
South View Elementary School
PublicPK to 5

Muncie Area Career Center
PublicPK to 12

Muncie Central High School
Public9 to 12

Mitchell Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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114 East 8th Street is a multi-family home for sale in Muncie, IN 47302. This property was listed for sale on October 23, 2023 by Coldwell Banker Real Estate Group, it's currently listed at $219,000. It has been on the market for a total of 188 days and was last sold on February 23, 2010. This listing's school district is Muncie Community Schools. Nearby schools include South View Elementary School, Muncie Area Career Center and Muncie Central High School. 114 East 8th Street is a 9-bed, 3-bath, 3,159 sqft multi-family home built in 1886.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Real Estate Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.