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420 S Mitchell Street

Bloomington, IN 47401
  • $381,500
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 202403285
Price Reduced
UPDATED: 25 min ago
$381,500
  • 3
    BEDS
  • 0.17
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 1,000
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1948
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Kelly Jones of Partners Realty Group: .

Description

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!

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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: 2024-02-26T18:27:57.963.

www.housesinfortwayne.com/homes/147196395
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420 S Mitchell Street Bloomington, IN 47401

  • Price: $381,500
  • Status: Active
  • On Site: 24 Days
  • Updated: 25 min ago
  • MLS #: 202403285
3
Beds
1
Baths
0
½ Baths
0.17
Acres
1,000
SQFT
$382
$/SQFT
1948
Built
Neighborhood:
Elm Heights
County:
Monroe
Area:
Monroe
Elementary School:
Rogers/Binford
Middle School:
Jackson Creek
High School:
Bloomington South
School District:
Monroe County Community School C
Property Description
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!
Exterior Features

Driveway Gravel Exterior Wood Location Near College Campus Lot Description Corner Lot Dimensions irregular Outbuilding None Parking Private Parking Spaces 4 Pool YN No Roof Material Shingle Style One Story Waterfront YN No

Interior Features

Above Grade Bedrooms 3 Above Grade Finished Sqft 1000 Above Grade Unfin Sq Ft 0 Amenities BasementOff Street ParkingStorageCable ReadyDeck CoveredDetector-Smoke Basement Foundation Full BasementUnfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1000 Cooling Central Air Dishwashers 1 Disposals 1 Dryers 1 Flooring Laminate Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 2 Total Baths 1 Total Below Grade Sqft 1000 Total Sq Ft 2000 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 3 Unit1 Sq Ft 1000 Wash Dry Hookups 2 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 27000 Annual Insurance Expense 848 Annual Maint Expense 773 Annual Misc 175 Annual Net Income 20215 Annual Property Tax 4989 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Cable Company ComcastAT&T Documents Available LBP FormLease Efficiencies 0 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 2250 Gross Monthly Rent 2250 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Building InsuranceLawn MaintenanceTax Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays CoolingElectricHeatingSewerTrash CollectionWater Three Bedrooms 1 Township Perry Two Bedrooms 0 Unit1 Unit Rent 2175 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Units Rented 1 Water Utility City Year Taxes Payable 2023

Listing provided by Kelly Jones of Partners Realty Group: .

© 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: 2024-02-26T18:27:57.963.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Kelly Jones of Partners Realty Group: .