314 N Washington Street
Property Description
Excellent opportunity to purchase a 6 unit building in the heart of Bloomington's downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor's dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $4,000,000 |
| No. of Units: | 6 |
| Year Built: | 1997 |
| Lot Size: | 10,560.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $666,667 |
| Number of Bedrooms: | 13 |
| Number of Bathrooms: | 18 |
ID: 3yd-BMLSIN-202626061
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