420 Mitchell, Bloomington, IN 47401 - Myers Trust

420 Mitchell, Bloomington, IN 47401

Overview

MLS ID: #202403285
Price: $ 381,500
Sq Ft: 1,000
Finished Sq Ft: 1,000
Lot Size: 0.17 Acres
Year Built: 1948
Bedrooms: 3
Full Bathrooms: 1
Half Bathrooms:
Taxes: $ 848
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Welcome to this exceptional investment opportunity – a strategically located 3-bedroom home just 2 blocks from IU’s campus! This property boasts a remarkable 100% occupancy rate spanning over a decade, a testament to its desirability among tenants. Recently updated with a new roof and furnace, this investment promises both reliability and low maintenance. The property’s appeal is further enhanced by its spacious covered back deck, providing an ideal space for outdoor gatherings or relaxation. Additionally, the convenience of private off-street parking adds an extra layer of allure for residents. Currently leased through August 2025, the property generates a steady income with a monthly rent of $2250. Whether you’re a seasoned investor or entering the market for the first time, this investment home offers a proven track record of success and a prime location that ensures continued demand from students and renters alike. Don’t miss the chance to add this lucrative property to your portfolio!

MLS ID: 202403285

Details

# of Units 1
Price Per Unit 381,500
Above Grade Finished SF 1,000
Above Grade Unfinished SF 1
Combined Finished SF 1,000
Below Grade Finished SF 1,000
Below Grade Unfinished SF 1,000
Total Below Grade SF 1,000
Total Sq Ft 2,000
Lot Dimensions irregular
Approx Lot Size SqFt 7,405
Approx Lot Size Acres 0.170
Garage SF 0
Water Front No
Style One Story
New Construction No
Elementary School Rogers/Binford
Middle School Jackson Creek
Senior Bloomington South
District Monroe County Community School C
# Bedrooms 3
# of Full Baths 1
# of Half Baths 0
# Above Grade Bedrooms 5
Bedroom 5 1 x 1
Loft 1 x 1
Extra Room 1 x 2
Laundry Room 4 x
Annual Gross Rent Income $27,000.00
Annual Sewer Expense $0.00
Annual Fuel Expense $0.00
Annual Electric Expense $0.00
Annual Trash Expense $0.00
Annual Property Tax $4,989.00

Map

Listing Office: Partners Realty Group

Listing Agent: Kelly Jones

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.