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1702 S Olive Street

Bloomington, IN 47401
  • $719,900
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 19 Days
  • MLS #: 202301370
UPDATED: 55 min ago
$719,900
  • 12
    BEDS
  • 0.69
    ACRES
  • 4
    BATHS
  • 4
    1/2 BATHS
  • 4,896
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1991
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Hard to find investment opportunity less than 2 miles from Indiana University campus. Four units, two buildings. Well maintained. Roofs and gutters were replaced in 2018. All units are currently leased through summer of 2023. 1702 and 1704 were recently updated with new interior finishes including some granite, hardwood and stainless steel. 1706 and 1708 have had long term tenants so these units still have some potential to update and further increase rents. All units have the same layout with some minor variations in the location of the laundry. All appliances and washers/dryers stay with the units. All utilities are separately metered and paid by the tenants. Ample parking between the two buildings and a large common area in the back are shared by all tenants. HAND permits are in place. 1702-1704 expires February 2023 and 1706-1708 expires July 2025. Total rents are $5310 monthly. Property management company is recommending monthly rents at $1525 for all units with the next lease cycle (with no additional cosmetic upgrades).

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© 2023 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: 2023-02-06T22:28:12.913.

www.housesinfortwayne.com/homes/136101719
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1702 S Olive Street Bloomington, IN 47401

  • Price: $719,900
  • Status: Cont-AccptngBackupOffers
  • On Site: 19 Days
  • Updated: 55 min ago
  • MLS #: 202301370
12
Beds
4
Baths
4
½ Baths
0.69
Acres
4,896
SQFT
$147
$/SQFT
1991
Built
Neighborhood:
Barclay Gardens
County:
Monroe
Area:
Monroe
Elementary School:
Templeton
Middle School:
Jackson Creek
High School:
Bloomington South
School District:
Monroe County Community School C
Property Description
Hard to find investment opportunity less than 2 miles from Indiana University campus. Four units, two buildings. Well maintained. Roofs and gutters were replaced in 2018. All units are currently leased through summer of 2023. 1702 and 1704 were recently updated with new interior finishes including some granite, hardwood and stainless steel. 1706 and 1708 have had long term tenants so these units still have some potential to update and further increase rents. All units have the same layout with some minor variations in the location of the laundry. All appliances and washers/dryers stay with the units. All utilities are separately metered and paid by the tenants. Ample parking between the two buildings and a large common area in the back are shared by all tenants. HAND permits are in place. 1702-1704 expires February 2023 and 1706-1708 expires July 2025. Total rents are $5310 monthly. Property management company is recommending monthly rents at $1525 for all units with the next lease cycle (with no additional cosmetic upgrades).
Exterior Features

Exterior BrickVinyl Lot Description Level Lot Dimensions 75X390 Outbuilding None Parking Spaces 8 Pool YN No Style Townhouse Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Waterfront YN No

Interior Features

Above Grade Bedrooms 12 Above Grade Finished Sqft 4896 Above Grade Unfin Sq Ft 0 Amenities Breakfast BarDeck OpenPorch Covered Basement Foundation Crawl Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 4 Disposals 4 Dryers 4 Flooring Part CarpetWood Heating Fuel Forced Air Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 8 Total Below Grade Sqft 0 Total Sq Ft 4896 Unit1 Basement YN No Unit1 Bedrooms 3 Unit1 Sq Ft 1224 Unit2 Basement YN No Unit2 Bedrooms 3 Unit2 Sq Ft 1224 Unit3 Basement YN No Unit3 Bedrooms 3 Unit3 Sq Ft 1224 Unit4 Basement YN No Unit4 Bedrooms 3 Unit4 Sq Ft 1224 Wash Dry Hookups 4 Washers 4

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 63720 Annual Insurance Expense 2280 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 53851.48 Annual Property Tax 7588.52 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Auction Y / N No Buildings 2 Efficiencies 0 Electric Meters 4 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 0 Gross Monthly Income 5310 Gross Monthly Rent 5310 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Building InsuranceLawn MaintenanceMaintenanceTax Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Duplex Reo YN No Restrictions YN No Sale Includes BuildingLand Sewer City Tenant Pays CableCoolingElectricFuelHeatingSewerTrash CollectionWater Three Bedrooms 4 Township Perry Two Bedrooms 0 Unit1 Unit Rent 1220 Unit1- Currently Rntd Y / N Yes Unit1- Garage /#of Cars 0 Unit1- Garage Y / N No Unit2 Unit Rent 1290 Unit2- Currently Rntd Y / N Yes Unit2- Garage /#of Cars 0 Unit2- Garage Y / N No Unit3 Unit Rent 1350 Unit3- Currently Rntd Y / N Yes Unit3- Garage /#of Cars 0 Unit3- Garage Y / N No Unit4 Unit Rent 1450 Unit4- Currently Rntd Y / N Yes Unit4- Garage /#of Cars 0 Unit4- Garage Y / N No Units Rented 4 Water Meters 4 Water Utility City Year Taxes Payable 2022

Listing provided by Deborah Tomaro of Deb Tomaro Real Estate: [IDXCONTACTINFORMATION].
© 2023 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.


© 2023 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: 2023-02-06T22:28:12.913.

 
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