| 522 W. Davis Bloomington, IN 47403 |
$674,900 |
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Listed by Deb Tomaro Real Estate
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MLS # 202343620
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Investment Apartment Building
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| Lot Information |
| Acres: |
0.57 |
| Dimensions: |
n/a |
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| County: |
Monroe |
| Township: |
Perry |
| Grid: |
None |
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| Utilities |
| Utility |
Type |
| Sewage |
--- |
| Gas |
--- |
| Water Co |
--- |
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| Utility |
Type |
| Cable |
--- |
| Electric |
--- |
| Amps |
--- |
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| Gross Rent: |
6230 |
Water/Sewer: |
0 |
Total Finished SqFt: |
3252 |
| Other Income: |
0 |
Other Expenses: |
0 |
Total Unfinished SqFt: |
0 |
| Adj. Gross Income: |
6230 |
Net Operating Income: |
6230 |
On-site Parking: |
10 |
| ADV: |
0 |
Gross Rent Multiplier: |
108.331 |
Cable paid by: |
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| Property Management: |
0 |
Internal Rate of Return: |
0.9% |
Electricity paid by: |
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| Property Insurance: |
0 |
Number of Units: |
6 |
Heat paid by: |
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| Maintenance: |
0 |
Total Rooms: |
0 |
Water paid by: |
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| RE & PP Taxes: |
0 |
Total Bedrooms: |
6 |
Lease Expiration: |
// |
| Electric: |
0 |
Total Full Baths: |
6 |
Total Deposit: |
0 |
| Gas: |
0 |
Total Half Baths: |
0 |
Permit Expires: |
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| # Units |
Rent |
Fin. SqFt |
Unfin. SqFt |
Rooms |
Bedrooms |
Baths |
1/2 Baths |
Garage |
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| Elementary: Templeton |
Middle: Jackson Creek |
High: Bloomington South |
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| NOTE: Due to school redistricting, schools identified with this listing may be subject to change. Please confirm school district with the school corporation. |
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$6230 is the expected monthly rental income once the final rent increases are in place (August/September). Super low maintenance with excellent income. This property was taken down to the studs within the past ten years and completely updated with new electric, plumbing, windows, roof, doors, HVAC, sewer line, flooring. Dry basement with drainage work completed, new gutters, buried downspouts. Maintenance calls are almost non-existent. No carpeting makes for easy turnovers (not that there are many turnovers). Lots of nice touches like intercom for second floor units to avoid running up and down stairs to answer the door and motion sensor lights. All the current tenants are in the HCV or HUD-VASH (for Veterans) programs. Rents are guaranteed and direct deposited to landlord. Landlord pays electric, water/sewer and trash. Shared heat pump HVAC have their own zone controls. Efficient heat pump water heater with storage tank provides plenty of hot water. Utilities average $100-$125 per unit per month. Coin operated laundry is on site (included in the sale). HAND permit expires April 2028. Situated on 3 city lots (development potential?) on the edge of McDoel Gardens (not included in the historic district restrictions) and just a few blocks from the new Hopewell Development that is rejuvenating the old Hospital site to create a new core neighborhood with parks, plazas and mixed use space. **Numbers in listing are based on rent increases that will be realized in 2024.**
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Tax Key: |
53-08-05-404-008.000-009 |
| TAX: |
Estimated Cost: |
$3938.06 |
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IDX information provided by the Indiana Regional MLS
Information Not Warranted
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.
Listings Last Updated 05/14/2024 06:38:22 PM
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