420 Mitchell, Bloomington, IN 47401
Overview
MLS ID: | #202403285 |
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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 |
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 |
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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 |
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Water Front | No |
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Style | One Story |
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New Construction | No |
Elementary School | Rogers/Binford |
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Middle School | Jackson Creek |
Senior | Bloomington South |
District | Monroe County Community School C |
# Bedrooms | 3 |
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# 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 |
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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: