Address
1201 W Allen Street, Bloomington, IN
Price
$ 4,300,000
Property Attributes
- MLS#202332690
- TypeMulti-Family
- CountyMONROE
- CityBloomington
- AreaPerry
- NeighborhoodSouthwest Bloomington City
- Zip47403
- StyleApartment Complex
- Year Built1985
- Taxes$ 32730
- Price$ 4,300,000
- Bedrooms39
- Full Bathrooms40
- Half Bathrooms0
- Sqr Footage23310
Data Source:
Indiana Regional MLS (IRMLS)
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!
| Elementary School | Middle School | High School |
|---|---|---|
| Templeton Elementary School | Jackson Creek Middle School | Bloomington South High School |
| Price History | |
|---|---|
| 9/8/2023 | Listed $4,400,000 |
| 11/3/2023 | 3% - $4,300,000 |
General Features
| Age | 38 |
|---|---|
| Agent First Name | Audra |
| Agent Last Name | Cannon |
| Annual Electric Expense | 4800 |
| Annual Fuel Expense | 587.67 |
| Annual Insurance Expense | 18180 |
| Annual Trash Expense | 3200 |
| Area | Monroe County |
| Assoc. Dues Frequency | Not Applicable |
| Associated Document Count | 1 |
| Auction Y/n | No |
| Bathrooms | 40 |
| City | Bloomington |
| Class | INVESTMENT |
| Cooling | Wall AC |
| DOM | 84 |
| Elementary School | Templeton |
| Features | Open Floor Plan, Water Heater Electric |
| Fips Code | 18105 |
| Full Baths | 40 |
| Heating | Electricity, Wall Heater |
| High School | Bloomington South |
| Legal Description | 015-62400-00 Sem Pt Lot 165 & Vac St 2.66A Hilltop Village Apartments & Houses |
| Middle School | Jackson Creek |
| Net Income | 246370.03 |
| New Construction | No |
| Ownerpays | Building Insurance, Lawn Maintenance, Maintenance, Snow Removal, Tax, Trash Collection |
| Pet Restrictions Y/n | Yes |
| Pool Y/N | No |
| REO | No |
| Rent Income | 406368 |
| School District | Monroe County Community School C |
| Sewer | City |
| Status | Active |
| Status | Active |
| Stories | 1 |
| Street Name | Allen |
| Style | Other |
| Subdivision | Southwest Bloomington City |
| Tax Year | 2023 |
| Tenant Pays | Electric, Sewer, Water |
| Total Sq Ft | 23310 |
| Township | Perry |
| Type | Apartment Complex |
| Virtual Tour | https://www.propertypanorama.com/instaview/irmls/202332690 |
| Year Built | 1985 |
Interior Features
| Above Grade Bedrooms | 40 |
|---|---|
| Above Grade Finished Sqft | 23310 |
| Basement | Slab |
| Basement Y/n | No |
| Beds | 40 |
| Dishwasher(s) | 40 |
| Dryer(s) | 3 |
| Flooring | Vinyl |
| Microwaves | 40 |
| Num. Of 1 Bedrooms | 39 |
| Num. Of Efficiencies | 1 |
| Ranges/Ovens | 40 |
| Refrigerators | 40 |
| Total Finished Sqft | 23310 |
| Total Number of Units | 40 |
| Unit 1 Sqft | 600 |
| Unit 1-# Of Bathrooms | 1 |
| Unit 1-# Of Bedrooms | 1 |
| W/D Hookups | 3 |
| Washers | 3 |
Exterior Features
| Approx. Lot Size Acres | 2.66 |
|---|---|
| Exterior | Stone |
| Lot Description | Rolling |
| Lot Dimensions | 460x260 |
| Lot Size Area | 115870 |
| Number of Parking Spaces | 40 |
| Outbuilding | None |
| Waterfront Y/N | No |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS.
Information last updated on December 5, 2023 6:02 PM UTC
Property vs Multi-Family Average in 47403
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