331 S Grant Street
Property Description
Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington's thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you're looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington's most desirable locations. Property is being sold "AS IS".Broker Details
RE/MAX Acclaimed Properties (812) 332-3001
MLS ID: 9774 State License Number: RB14032117
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $659,900 |
| No. of Units: | 6 |
| Year Built: | 1920 |
| Lot Size: | 3,326.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $109,983 |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 6 |
ID: 3yd-BMLSIN-202618079
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