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- LoopNet Team
808 W Riverside Ave
Muncie, IN 47303
Cardinal Pointe I · Multifamily Property For Sale
·
178 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Disposal
- Refrigerator
- Range
- Carpet
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Basketball Court
- Grill
- Elevator
ABOUT 808 W RIVERSIDE AVE , MUNCIE, IN 47303
Cardinal Pointe Student Housing Portfolio is a combination of four multifamily properties, along with three houses, totaling 178 units and 244 beds surrounding Ball State University in Muncie, Indiana. Cardinal Pointe I, Cardinal Pointe II, Wheeling Manor, and University Apartments provide students with diverse floor plans, nice amenities, and a short commute to campus. Cardinal Pointe I is a 62 unit three-story building built in 1969 that sits on Riverside Avenue just to the East of Ball State University. The property offers tenants a pool, on-site parking, and a quick short walk to campus. Cardinal Pointe II sits directly across West Bethel Avenue from the Ball State campus. With 57 units and a pool, the property accommodates those looking for an affordable transition out of the dorms but a close stay to campus. Cardinal Pointe II offers studio, one- and two-bedroom apartments. Wheeling Manor is a 24 unit, three-building complex just a short drive from campus that boasts high historical occupancies and an excellent location close to shopping and restaurants. University Apartments is a set of two California-style apartment buildings. Residents enjoy central air, ample parking, and an easy walk to campus. The three homes are all three-bedroom and are located at 716 W. Queen Street, 720 W. Queen Street, and 717 W. Ace Street. All of the properties are in highly desirable locations near campus and feature community amenities such as coin-operated laundry facilities, on-site pool at Cardinal Pointe I & II, and central grilling areas. In addition, each apartment building’s front and rear entry doors are locked 24 hours a day for security.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $470.00 | 422 |
| 1+1 | 111 | $540.00 | 573 |
| 2+1 | 60 | $671.00 | 889 |
| 3+1 | 3 | $727.00 | 1,096 |
PROPERTY TAXES
| Parcel Number | 18-11-09-256-022.000-003 | Improvements Assessment | $1,310,500 |
| Land Assessment | $134,400 | Total Assessment | $1,444,900 |
PROPERTY TAXES
