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1201 W Allen Street

Bloomington, IN 47403
  • $4,300,000
  • STATUS: Active
  • ON SITE: 288 Days
  • MLS #: 202332690
UPDATED: 99 min ago
$4,300,000
  • 40
    BEDS
  • 2.66
    ACRES
  • 40
    BATHS
  • 0
    1/2 BATHS
  • 23,310
    SQFT
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.

Description

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units that have been meticulously remodeled to offer modern comforts and style within the past two years. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. See the attached flyer for all renovation and update details! In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. This property is primed for a future of 100% occupancy and consistent rental income. Room to increase rents. Space to add more units. Value add opportunity. Investors seeking a secure and profitable addition to their portfolio need look no further than Hilltop Village!

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-06-22T23:28:46.973.

www.housesinfortwayne.com/homes/143228054
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1201 W Allen Street Bloomington, IN 47403

  • Price: $4,300,000
  • Status: Active
  • On Site: 288 Days
  • Updated: 99 min ago
  • MLS #: 202332690
40
Beds
40
Baths
0
½ Baths
2.66
Acres
23,310
SQFT
$184
$/SQFT
1985
Built
Neighborhood:
Southwest Bloomington City
County:
Monroe
Area:
Monroe
Elementary School:
Templeton
Middle School:
Jackson Creek
High School:
Bloomington South
School District:
Monroe County Community School C
Property Description
Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units that have been meticulously remodeled to offer modern comforts and style within the past two years. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. See the attached flyer for all renovation and update details! In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. This property is primed for a future of 100% occupancy and consistent rental income. Room to increase rents. Space to add more units. Value add opportunity. Investors seeking a secure and profitable addition to their portfolio need look no further than Hilltop Village!
Exterior Features

Exterior Stone Lot Description Rolling Lot Dimensions 460x260 Outbuilding None Parking Spaces 40 Pool YN No Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 40 Above Grade Finished Sqft 23310 Above Grade Unfin Sq Ft 0 Amenities Open Floor PlanWater Heater Electric Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Wall AC Dishwashers 40 Disposals 0 Dryers 3 Flooring Vinyl Heating Fuel ElectricityWall Heater Microwaves 40 Ranges Ovens 40 Refrigerators 40 Rooms Below Grade 0 Total Baths 40 Total Below Grade Sqft 0 Total Sq Ft 23310 Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 600 Wash Dry Hookups 3 Washers 3

Property Features

Annual Electric Expense 4800 Annual Fuel Expense 587.67 Annual Gross Rent 406368 Annual Insurance Expense 18180 Annual Maint Expense 18000 Annual Misc 82500 Annual Net Income 246370.03 Annual Property Tax 32730.3 Annual Trash Expense 3200 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 1 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 33864 Gross Monthly Rent 33500 Lease Term 1 Year New Construction No One Bedrooms 39 Owner Pays Building InsuranceLawn MaintenanceMaintenanceSnow RemovalTaxTrash Collection Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Complex Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays ElectricSewerWater Three Bedrooms 0 Township Perry Two Bedrooms 0 Units Rented 37 Water Utility City Year Taxes Payable 2023

Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2024-06-22T23:28:46.973.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.