716- 736 17th, Bloomington, IN 47404-3332


MLS ID: #201908018
Price: $ 1,390,000
Sq Ft: 16,104
Finished Sq Ft: 16,104
Lot Size: 0.04 Acres
Year Built: 1950
Bedrooms: 29
Full Bathrooms: 16
Half Bathrooms: 10
Taxes: $ 5,410
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Cedar Grove is a 29 bed portfolio property that consists of one 5 bedroom house which is zoned commercial with the ability to convert to commercial for next rental cycle, four 3 bedroom townhouse, and six 2 bedroom townhouse units. The current gross monthly rent is $11,335 Located at 716-736 W. 17th this property has had several major upgrades completed over the last several years including new roof, HVAC, carpet, flooring and paint. Just off the 17th St. corridor, which is a city of Bloomington Phase II project that will link 17th st. to downtown in terms of walkability, this property has been meticulously maintained over the last nine years of our clients’ ownership. The area around Cedar Grove continues to be positively impacted by the multi million dollar Certified Technology Park that will encompass 65 acres and many new buildings to house technology offices as well as residential units, commercial spaces, structured parking decks and significant street/infrastructure improvements. Capital expenditures in 2013-2017 highlight new roof installations on the two buildings and the house as well as painting and flooring upgrades. Updated P&L, rent roll and capital expenditure financial sheet for quantification and evaluation will be sent with a signed NDA.

MLS ID: 201908018


# of Units 11
Price Per Unit 126,363.640
Above Grade Finished SF 16,104
Combined Finished SF 16,104
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 16,104
Lot Dimensions 132x351
Approx Lot Size SqFt 1,742
Approx Lot Size Acres 0.040
Garage SF 0
Water Front No
Style Two Story
New Construction No
Elementary School Fairview
Middle School Tri-North
Senior Bloomington North
District Monroe County Community School C
# Bedrooms 29
# of Full Baths 16
# of Half Baths 10
Living Room 6 x 4
Bedroom 5 11 x 11
Loft 11 x 11
Extra Room 11 x 0
Laundry Room 25 x
Annual Gross Rent Income $136,020.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $1,730.00
Annual Property Tax $24,690.00

Listing Office: Mackie Properties

Listing Agent: Matt Carter


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.