1702 Olive, Bloomington, IN 47401 - Myers Trust

1702 Olive, Bloomington, IN 47401


MLS ID: #202301370
Price: $ 719,900
Sq Ft: 4,896
Finished Sq Ft: 4,896
Lot Size: 0.69 Acres
Year Built: 1991
Bedrooms: 12
Full Bathrooms: 4
Half Bathrooms: 4
Taxes: $ 2,280
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Hard to find investment opportunity less than 2 miles from Indiana University campus. Four units, two buildings. Well maintained. Roofs and gutters were replaced in 2018. All units are currently leased through summer of 2023. 1702 and 1704 were recently updated with new interior finishes including some granite, hardwood and stainless steel. 1706 and 1708 have had long term tenants so these units still have some potential to update and further increase rents. All units have the same layout with some minor variations in the location of the laundry. All appliances and washers/dryers stay with the units. All utilities are separately metered and paid by the tenants. Ample parking between the two buildings and a large common area in the back are shared by all tenants. HAND permits are in place. 1702-1704 expires February 2023 and 1706-1708 expires July 2025. Total rents are $5310 monthly. Property management company is recommending monthly rents at $1525 for all units with the next lease cycle (with no additional cosmetic upgrades).

MLS ID: 202301370


# of Units 4
Price Per Unit 179,975
Above Grade Finished SF 4,896
Combined Finished SF 4,896
Below Grade Finished SF 0
Below Grade Unfinished SF 0
Total Below Grade SF 0
Below Grade Rooms 0
Total Sq Ft 4,896
Lot Dimensions 75x390
Approx Lot Size SqFt 30,056
Approx Lot Size Acres 0.690
Garage SF 0
# of Fireplaces 5
Water Front No
Style Townhouse
New Construction No
Elementary School Templeton
Middle School Jackson Creek
Senior Bloomington South
District Monroe County Community School C
# Bedrooms 12
# of Full Baths 4
# of Half Baths 4
# Above Grade Bedrooms 5
Kitchen 1450 x
Family Room 1290 x 1350
Bedroom 4 4 x 0
Bedroom 5 4 x 4
Loft 4 x 4
Extra Room 4 x 4
Laundry Room 8 x
Other Room 2 3 x 5310
Other Room 3 3 x 0
Annual Gross Rent Income $63,720.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $0.00
Annual Property Tax $7,588.52

Listing Office: Deb Tomaro Real Estate

Listing Agent: Deborah Tomaro


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.