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

Heating Electricity,Wall Heater
Cooling Wall AC
Sewer City
Pool Y/N No
Status Active
Full Baths 40
Bathrooms 40
Year Built 1985
New Construction No
Tenant Pays Electric,Sewer,Water
Subdivision Southwest Bloomington City
Style Other
Stories 1
Township Perry
Class INVESTMENT
Type Apartment Complex
Age 39
Net Income 246370.03
Rent Income 406368
FIPS Code 18105
OwnerPays Building Insurance,Lawn Maintenance,Maintenance,Snow Removal,Tax,Trash Collection
Features Open Floor Plan,Water Heater Electric
Associated Document Count 1
REO No
Annual Electric Expense 4800
Annual Fuel Expense 587.67
Annual Insurance Expense 18180
Annual Trash Expense 3200
Status Active
Auction Y/N No
Area Monroe County
High School Bloomington South
City Bloomington
School District Monroe County Community School C
Assoc. Dues Frequency Not Applicable
Pet Restrictions Y/N Yes
Total Sq Ft 23310
Street Name Allen
Elementary School Templeton
Middle School Jackson Creek
Legal Description 015-62400-00 Sem Pt Lot 165 & Vac St 2.66A Hilltop Village Apartments & Houses
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202332690
Agent First Name Audra
Agent Last Name Cannon
DOM 173
Tax Year 2023

Interior Features

Basement Slab
Flooring Vinyl
Beds 40
Total Number of Units 40
Unit 1 SqFt 600
Microwaves 40
Refrigerators 40
Washers 3
Dryer(s) 3
Dishwasher(s) 40
Total Finished SqFt 23310
Basement Y/N No
Above Grade Bedrooms 40
Ranges/Ovens 40
W/D Hookups 3
Above Grade Finished SqFt 23310
Num. of 1 Bedrooms 39
Num. of Efficiencies 1
Unit 1-# of Bathrooms 1
Unit 1-# of Bedrooms 1

Exterior Features

Exterior Stone
Number of Parking Spaces 40
Lot Size Area 115870
Lot Dimensions 460x260
Lot Description Rolling
Outbuilding None
Approx. Lot Size Acres 2.66
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 March 4, 2024 10:00 AM UTC

Property vs Multi-Family Average in 47403

Price
AVG $1.95M
$4.3M
Taxes
AVG $22,181
$32,730
Visits
AVG 106
217
Data Provided by Inside Real Estate®
Year Built
AVG 1953
1985
Walkscore
AVG 35
28
Data Provided by Walkscore® not using MLS data

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