304 Southern, Bloomington, IN 47401

Overview

MLS ID: #201854138
Price: $ 2,700,000
Sq Ft: 24,643
Lot Size: 1.47 Acres
Year Built: 2007
Bedrooms: 47
Bathrooms: 54
Taxes: $ 3,735
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This is an amazing investment opportunity with 11 buildings totaling 15 units. There are a total of 47 bedrooms, 50 full baths and 4 half baths. This package has 100% occupancy. All units were built between 2007 and 2015 and are in great condition. Located just blocks south of Indiana University and on the bus line, the location is awesome. Within two blocks of these units are restaurants and shops. A newly constructed pedestrian/biking trail is adjacent to this property which leads to Bloomington’s newest park, Switchyard Park. This park is being built on 65 acres and features an 11,000 sq. ft. pavilion for rental, banquet and festival space, an amphitheater, community gardens, athletic courts and fitness stations, skate park, dog park and so much more. Switchyard Park is scheduled to open in May of 2020. This is a fast growing area of Bloomington and now is the time to invest.

MLS ID: 201854138

Details

# of Units 15
Price Per Unit 180,000
Above Grade Finished SF 24,643
Combined Finished SF 24,643
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 24,643
Lot Dimensions 1.472 acres
Approx Lot Size SqFt 64,120
Approx Lot Size Acres 1.4720
Garage SF 0
Water Front No
Style Detached
New Construction No
Elementary School Templeton
Middle School Jackson Creek
Senior Bloomington South
District Monroe County Community School C
# Bedrooms 47
# of Full Baths 50
# of Half Baths 4
Living Room 4 x 0
Rec Room 15 x 15
Bedroom 5 15 x 15
Loft 15 x 15
Extra Room 15 x 15
Laundry Room 54 x
Annual Gross Rent Income $242,352.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $0.00
Annual Property Tax $42,117.52

Listing Office: RE/MAX Acclaimed Properties

Listing Agent: Matthew Cole

Disclaimer:

Property information is provided by the Indiana Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.
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