204-206 E 16th Street
Property Description
Excellent opportunity to own a spacious two-unit investment property conveniently located near Indiana University and downtown Bloomington! Offering a total of 8 bedrooms and 4.5 bathrooms, this property provides strong rental income potential with two generously sized units. The larger unit features 5 bedrooms and 2.5 baths and is currently leased for $2,175 per month. The second unit offers 3 bedrooms and 2 full baths and is currently vacant, with a rental rate of $1,975 per month. Together, the units offer a potential combined rental income of $4,150 per month, or $49,800 annually, when fully occupied. With spacious floor plans, separate living areas, and a convenient location near IU, shopping, dining, and downtown amenities, this property is an attractive opportunity for investors looking to expand their rental portfolio or buyers interested in occupying one unit while generating income from the other.
Broker Details
RE/MAX Acclaimed Properties (812) 332-3001
MLS ID: 9774 State License Number: RB14032117
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $749,900 |
| No. of Units: | 2 |
| Year Built: | 1899 |
| Lot Size: | 3,094.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $374,950 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 5 |
ID: 3yd-BMLSIN-202646115
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