312 S Gharkey Street
Muncie, IN 47305
- 4 beds
- 2 baths
- 1,736 sqft
- 2,614 sqft lot
- $187 per sqft
- 1910 build
Cash flowing 4 bed 2 bath home. Update completed in 2022, new flooring throughout, updated appliances, fresh interior paint. Furnace and Water Heater less than 3 years old. Current rent is $1000 a month with 20% down return is 8% annualized. $100 rent increase makes that return 13%. Proforma snapshot included in documents. Tenant pays all utilities. Economic growth remains steady with strong housing demand per Indiana Business review. The most recent forecast from Indiana University's Center for Econometric Model Research shows employment growth of 1.89% over the next two years (2023 Q4 to 2025 Q4). "Personal income is expected to increase 3.4% through 2027." Property is being offered as part of a 4 unit package. An additional 2 unit package is also available, addresses and financials included in attached documents. Attached photos were taken before property was rented. Seller will not work with wholesalers or consider creative finance options. For additional questions and to arrange showings reach out to listing agent. Proof of funds and 24hr notice required for all showings
Last checked:
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Checking…
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Last updated Apr 19, 2025
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MLS# 22033020 —
The Building
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Year Built:1910
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New Construction:false
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Construction Materials:Vinyl Siding, Wood
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Architectural Style:TraditonalAmerican
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Levels:One and One Half
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Basement:true
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Foundation Details:Block
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Patio And Porch Features:Covered Porch
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Accessibility Features:No
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Green Certification:No
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Upper SqFt:772
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Building Area Total:2700
Interior
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Rooms:6
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Rooms Total:6
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Rooms Total:6
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Interior Features:Hardwood Floors, Eat-in Kitchen, Screens Complete, Windows Vinyl, Wood Work Painted
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Eating Area:Dining Combo/Family Room
Room Dimensions
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SqFt:1736
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Main Level SqFt:964
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Living Area:1736
Location
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Directions:GPS Friendly
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Latitude:40.191562
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Longitude:-85.393059
The Property
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View:true
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Property Type:Residential
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Property Subtype:Single Family Residence
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Property Attached:false
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Parcel Number:181116209015000003
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Acres:<1/4 Acre
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Lot Size Acres:0.06
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Lot Size SqFt:2,614 Sqft
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Price Per Acre:5416667
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Horse Amenities:None
Listing Agent
- Contact info:
- Agent phone:
- (317) 888-4639
- Office phone:
- (317) 888-4639
Taxes
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Tax Lot:162
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Tax Year:2024
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Semi Annual Property Tax Amt:188
Beds
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Beds:4
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Bedrooms:4
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Bedrooms Total:4
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Main Level Bedrooms:2
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# of Bedrooms Upper:2
Baths
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Baths:2
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Full Baths:2
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Full Baths:2
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Full Baths Main:1
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Full Baths Upper:1
Heating & Cooling
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Heating:Baseboard
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Cooling:None
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Fuel:No Fuel Source
Utilities
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Water Source:Municipal/City
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Solid Waste:No
Appliances
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Appliances:Electric Oven, Refrigerator, Water Heater
Schools
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High School District:Muncie Community Schools
The Community
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Subdivision Name:No Subdivision
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Association:false
Parking
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Garage:false
Monthly cost estimate

Asking price
$325,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,740
|
Taxes | $31 |
Insurance | $89 |
Utilities | $218 See report |
Total | $2,078/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/17/25
Apr 17, 2025
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Listed / Active | MIBOR | $325,000 | 3150.0% (999.9% / YR) |
4/4/25
Apr 4, 2025
|
Relisted | MIBOR | ||
4/1/25
Apr 1, 2025
|
Pending | MIBOR |