425 Walnut, Bloomington, IN 47404-3895
Overview
| MLS ID: | #202439246 |
|---|---|
| Price: | $ 1,150,000 |
| Sq Ft: | 3,614 |
| Finished Sq Ft: | 3,614 |
| Lot Size: | 0.10 Acres |
| Year Built: | 1969 |
| Bedrooms: | 7 |
| Full Bathrooms: | 4 |
| Half Bathrooms: | |
| Taxes: | $ 2,675 |
This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cash flow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 – July 2026). With a strong rental demand driven by proximity to IU and Bloomington’s downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.
MLS ID: 202439246
Details
| # of Units | 4 |
|---|---|
| Price Per Unit | 287,500 |
| Above Grade Finished SF | 3,614 |
| Combined Finished SF | 3,614 |
| Below Grade Finished SF | 504 |
| Below Grade Unfinished SF | 504 |
| Total Below Grade SF | 504 |
| Total Sq Ft | 4,118 |
| Lot Dimensions | irregular |
| Approx Lot Size SqFt | 4,356 |
| Approx Lot Size Acres | 0.10 |
| Garage SF | 0 |
|---|
| Water Front | No |
|---|
| Style | Two Story |
|---|---|
| New Construction | No |
| Elementary School | University |
|---|---|
| Middle School | Tri-North |
| Senior | Bloomington North |
| District | Monroe County Community School C |
| # Bedrooms | 7 |
|---|---|
| # of Full Baths | 4 |
| # of Half Baths | 0 |
| Living Room | 2 x 1 |
| Rec Room | 3 x 3 |
| Bedroom 2 | 15 x |
| Bedroom 5 | 3 x 3 |
| Loft | 3 x 1 |
| Extra Room | 1 x 1 |
| Other Room 1 | 1 x 0 |
| Annual Gross Rent Income | $102,000.00 |
|---|---|
| Annual Sewer Expense | $0.00 |
| Annual Fuel Expense | $0.00 |
| Annual Electric Expense | $0.00 |
| Annual Trash Expense | $0.00 |
| Annual Property Tax | $21,906.60 |
Map
Listing Office: Brawley Real Estate
Listing Agent: Jeff Brawley
Disclaimer:
Mortgage
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