Closed

$160,000

605 N Wheeling Ave, Muncie, IN 47303

5beds

2,420sqft

Multi Family

Built in 1900

-- sqft lot

$182,800 Zestimate^®

$--/sqft

$1,199 Estimated rent

Home value

$182,800

$168,000 - $199,000

$1,199/mo

Zestimate^® history

Owner options

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$1,199/mo

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$1,199/mo

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$1,044/mo

Est. payment

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$1,044/mo

Est. payment

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What's special

Have you been looking to get into the college rental business or are you looking to add to your portfolio? This is one to check out! This property is currently rented as a 5 Bedroom 2.5 Bath home but could easily be switched back to a duplex. There is already a second exterior entrance and the downstairs and upstairs can be closed off from each other just by closing one doorway. The property is rented through 7/2024 for $1375 but the owner believes there is more income potential if it is rented as a duplex. There is plenty of off street parking and this is a great location looking out over the river. Tenants pay their own utilities. 24 hour notice for all showings.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Natural Gas, Forced Air

Cooling

Central Air

Features

Flooring: Carpet, Laminate, Wood
Basement: Crawl Space,Partial,Unfinished

Interior area

Total structure area: 3,595
Total interior livable area: 2,420 sqft
Finished area above ground: 2,420
Finished area below ground: 0

Property

Parking

Total spaces: 5
Parking features: Off Street, Off Street Parking, Gravel
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 6,534 Square Feet
Dimensions: 52x125
Features: Level, City/Town/Suburb

Details

Additional structures: None
Parcel number: 181109407016000003
Zoning: R-5

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Shingle

Condition

New construction: No
Year built: 1900

Utilities & green energy

Electric: AEP/I&M
Gas: CenterPoint Energy
Sewer: City
Water: City, Indiana American Water Co, Muncie Sanitary Dist.

Community & HOA

Community

Subdivision: Alameda Place

Location

Region: Muncie

Financial & listing details

Tax assessed value: $149,900
Annual tax amount: $2,846
Date on market: 10/24/2023
Inclusions: Building, Land
Lease term: 12 Months
Total actual rent: 16500
Tenant pays: Electricity, Heating, Sewer, Water

Price history

Date	Event	Price
10/23/2023	Sold	$160,000-4.8%
Source: IRMLS #202329514 Report a problem
9/15/2023	Pending sale	$168,000
Source: IRMLS #202329514 Report a problem
8/30/2023	Price change	$168,000-4%
Source: IRMLS #202329514 Report a problem
8/17/2023	Listed for sale	$175,000
Source: IRMLS #202329514 Report a problem
8/14/2023	Listing removed	--
Source: Owner Report a problem
8/10/2023	Listed for sale	$175,000$72/sqft
Source: Owner Report a problem
5/26/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
4/29/2022	Listed for rent	$1,400$1/sqft
Source: Zillow Rental Manager Report a problem