Properties

1201 W Allen Street, Bloomington, Indiana 47403 MLS202332690

2.66 acre - 1201 W Allen Street, Bloomington, Indiana 47403

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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!

Basic Details
Property Type : Investment
Listing Type : For Sale
Listing ID : 202332690
Price : $4,300,000
Bedrooms : 40
Rooms : 0
Bathrooms : 40
Half Bathrooms : 0
Year Built : 1985
Lot Area (ACRES) : 2.66
Total Finished SqFt : 23,310
Address Map
Country : US
State : IN
City : Bloomington
Area : Monroe County
Subdivision : Southwest Bloomington City
Zipcode : 47403
Street : Allen
Street Number : 1201
Floor Number : 0
Longitude : W87° 27' 13.9''
Latitude : N39° 9' 20.1''
Additional Details
Property SubType : Apartment complex
List Agent : 52814
Listing Office 1 : 6850
Status : Active
Pool Y/N : No
Style : Other
School District : Monroe county community school c
Elementary : Templeton
Middle School : Jackson creek
High School : Bloomington south
Waterfront Y/N : No
New Construction : No
Lot Dimensions : 460x260
# of Fireplaces : 0
Main Level SqFt : 0
Approx. Lot Size SqFt : 115,870
Total Baths : 40
Annual Taxes : $18,180
Association Dues $ : $0
Other Fees $ : $0
REO Y/N : No
Basement Y/N : No
Age : 39

Listing provided courtesy of: CRM Properties, Inc, Audra Cannon.

Investment For Sale
  • Listing ID : 202332690
  • Bedrooms : 40
  • Bathrooms : 40
  • Lot Area (ACRES) : 2.66 acre
  • Visits : 0 in 233 days
$4,300,000
Agent info
Keith Realty & Auction Group
2411 River Road, Spencer, IN 47460
Contact Agent

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