522 Davis, Bloomington, IN 47403 - Myers Trust

522 Davis, Bloomington, IN 47403


MLS ID: #202343620
Price: $ 674,900
Sq Ft: 2,468
Finished Sq Ft: 3,252
Lot Size: 0.57 Acres
Year Built: 1946
Bedrooms: 6
Full Bathrooms: 6
Half Bathrooms:
Taxes: $ 2,200
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$6230 is the expected monthly rental income once the final rent increases are in place (August/September). Super low maintenance with excellent income. This property was taken down to the studs within the past ten years and completely updated with new electric, plumbing, windows, roof, doors, HVAC, sewer line, flooring. Dry basement with drainage work completed, new gutters, buried downspouts. Maintenance calls are almost non-existent. No carpeting makes for easy turnovers (not that there are many turnovers). Lots of nice touches like intercom for second floor units to avoid running up and down stairs to answer the door and motion sensor lights. All the current tenants are in the HCV or HUD-VASH (for Veterans) programs. Rents are guaranteed and direct deposited to landlord. Landlord pays electric, water/sewer and trash. Shared heat pump HVAC have their own zone controls. Efficient heat pump water heater with storage tank provides plenty of hot water. Utilities average $100-$125 per unit per month. Coin operated laundry is on site (included in the sale). HAND permit expires April 2028. Situated on 3 city lots (development potential?) on the edge of McDoel Gardens (not included in the historic district restrictions) and just a few blocks from the new Hopewell Development that is rejuvenating the old Hospital site to create a new core neighborhood with parks, plazas and mixed use space. **Numbers in listing are based on rent increases that will be realized in 2024.**

MLS ID: 202343620


# of Units 6
Price Per Unit 112,483.330
Above Grade Finished SF 2,468
Combined Finished SF 3,252
Below Grade Finished SF 784
Below Grade Unfinished SF 0
Total Below Grade SF 784
Total Sq Ft 3,252
Lot Dimensions n/a
Approx Lot Size SqFt 24,829
Approx Lot Size Acres 0.570
Garage SF 3,600
Water Front No
Style Two Story
New Construction No
Elementary School Templeton
Middle School Jackson Creek
Senior Bloomington South
District Monroe County Community School C
# Bedrooms 6
# of Full Baths 6
# of Half Baths 0
Bedroom 2 30 x
Bedroom 5 6 x 6
Extra Room 1 x 1
Laundry Room 10 x
Other Room 1 2 x 4
Annual Gross Rent Income $74,760.00
Annual Sewer Expense $3,600.00
Annual Fuel Expense $0.00
Annual Electric Expense $4,800.00
Annual Trash Expense $800.00
Annual Property Tax $3,938.06


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.