1201 Allen, Bloomington, IN 47403 - Myers Trust

1201 Allen, Bloomington, IN 47403


MLS ID: #202332690
Price: $ 4,300,000
Sq Ft: 23,310
Finished Sq Ft: 23,310
Lot Size: 2.66 Acres
Year Built: 1985
Bedrooms: 40
Full Bathrooms: 40
Half Bathrooms:
Taxes: $ 18,180
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Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units that have been meticulously remodeled to offer modern comforts and style within the past two years. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant’s convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. See the attached flyer for all renovation and update details! In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. This property is primed for a future of 100% occupancy and consistent rental income. Room to increase rents. Space to add more units. Value add opportunity. Investors seeking a secure and profitable addition to their portfolio need look no further than Hilltop Village!

MLS ID: 202332690


# of Units 40
Price Per Unit 107,500
Above Grade Finished SF 23,310
Above Grade Unfinished SF 1
Combined Finished SF 23,310
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Total Sq Ft 23,310
Lot Dimensions 460x260
Approx Lot Size SqFt 115,870
Approx Lot Size Acres 2.660
Garage SF 0
Water Front No
Style Other
New Construction No
Elementary School Templeton
Middle School Jackson Creek
Senior Bloomington South
District Monroe County Community School C
# Bedrooms 40
# of Full Baths 40
# of Half Baths 0
Rec Room 40 x 40
Bedroom 5 40 x 40
Extra Room 3 x 3
Laundry Room 40 x
Other Room 1 1 x 39
Annual Gross Rent Income $406,368.00
Annual Sewer Expense $0.00
Annual Fuel Expense $587.67
Annual Electric Expense $4,800.00
Annual Trash Expense $3,200.00
Annual Property Tax $32,730.30


Listing Office: CRM Properties, Inc

Listing Agent: Audra Cannon


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.