1201 Allen, Bloomington, IN 47403
Overview
| MLS ID: | #202332690 |
|---|---|
| Price: | $ 4,400,000 |
| 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 |
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
Details
| # of Units | 40 |
|---|---|
| Price Per Unit | 110,000 |
| 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
Disclaimer:
Mortgage
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