316 South Monroe Street

Muncie, IN 47305

$260,000
Last Sold Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Updated 12 Unit apartment building with laundry room on parking lot located in the Emily Kimbrough Historic District in Downtown Muncie minutes from Ball State University. Building is located in an opportunity zone. Half of the units have been remodeled and are rented and half are currently being updated. Other updates include a new roof, new paint, boiler repairs. Contact agent with questions or to show the property.Updated 12 Unit apartment building with laundry room on parking lot located in the Emily Kimbrough Historic District in Downtown Muncie minutes from Ball State University. Building is located in an opportunity zone. Half of the units have been remodeled and are rented and half are currently being updated. Other updates include a new roof, new paint, boiler repairs. Contact agent with questions or to show the property.
  1. Listed by Fred Krawczyk • F.C. Tucker Company • fred@indyhouses.net

Property Details for 316 South Monroe Street

Architectural Style
Multi-Level
Subdivision Name
Subdivision Not Available See Legal
Township
Center

Location

Listing Courtesy of F.C. Tucker Company

Sold By F.C. Tucker Company

Add your commute
LISTING UPDATED: 04/27/2023 12:11 PM

Property Details for 316 South Monroe Street

StatusClosed
MLS #21880446
Days on Market165
Taxes$3,117 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1905
Lot Size0.12 AC / 5,227 SF
CountyDelaware County

Location

Listing Courtesy of F.C. Tucker Company

Sold By F.C. Tucker Company

Add your commute

Building Information for 316 South Monroe Street

Stories-Residences12Year Built1905Building Size-Lot Size0.12 AC / 5,227 SF

Payment Calculator

$1,938 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,419

Property Taxes

$520

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 South Monroe Street

Summary
Location and General Information
  • City: Muncie
  • County Or Parish: Delaware
  • Directions: Madison to Adams; East to Monroe; South; property is behind McDonalds on Madison St
  • Postal Code: 47305
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 181115131004000003
  • Semi Annual Property Tax Amt: 3117
  • Tax Exemption: None
  • Tax Year: 2021
  • TaxLot: 5
School Information
  • School District: Muncie Community Schools
Owner
  • Owner Pays: All Utilities
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Storage
  • Construction Stage: Completed
  • Lot Description: Not Applicable
  • Lot Size Square Feet: 62.0
  • Lot Size Acres: 0.12
  • MLS: MIBOR
  • New Construction: False
  • Structure Type: Apartment Building
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1905
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: COF 1 ADD N 48 FT OF W 80
  • Photos Count: 13
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Transaction Type: Sale
  • Buyer Financing: Cash
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer,Water,Municipal Storm Connected
  • Operating Expense Includes: Insurance, Management, PropTaxes, Repairs, Utilities
  • Solid Waste: Yes
  • Utilities: Cable Available, Electricity Connected, Gas, Sewer Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Brick
Interior Features
  • Basement YN: Yes
  • Furnished: Unfurnished
  • Levels: Basement, Three Or More
  • Laundry Features: Common Laundry
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 12
  • Garage Parking: Parking Lot
Income & Expenses
  • Expenses: 40541
  • Net Operating Income: $12,219.00
  • Gross Income: $52,760.00
  • Gross Scheduled Income: $102,600.00
Unit 1
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Steam
Unit 2
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Steam
Unit 3
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl Heat Pump,Fuel Gas,Heat Radint,Heat Steam
Unit 4
  • Unit Kitchen: x
  • Unit Levels: 0
  • Unit Miscellaneous: Lndry Conn
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Fuel Gas
Unit 5
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Steam,Hot Wtr Elec
Unit 6
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Radint,Heat Steam
Unit 7
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Radint,Heat Steam
Unit 8
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Radint,Heat Steam
Unit 9
  • Unit Kitchen: x
  • Unit Levels: 1
  • Unit Miscellaneous: Range/Oven,Refrigrater
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Gas,Heat Radint,Heat Steam
Rental
Rental Information
  • Tenant Pays: Cable TV, Insurance

Property History for 316 South Monroe 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 316 South Monroe Street

Taxable ValueLand$3,100Additions$322,300Total$325,400
Tax Record2023$6,616 ($551 / month)
Home Facts
Total Finished SqFt9,744 SqFtAbove Grade Finished SqFt9,744 SqFtStories4Lot Size3,840 SqFtStyleMulti-Family Res (5+ Units)Year Built1905CountyDELAWAREAPN18-11-15-131-004.000-003

Schools near 316 South Monroe Street

This home is within Muncie Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
East Washington Academy
PublicPK to 5

Northside Middle School
Public6 to 8

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.

Similar Homes

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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 F.C. Tucker Company

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.