314 N Washington ST, Bloomington, IN 47404
314 N Washington ST, Bloomington, IN 47404
314 N Washington ST, Bloomington, IN 47404
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Mariah Cressy

Mariah Cressy

+1(574) 339-4941
Listed by FC Tucker/Bloomington REALTORS
$4,000,000
Est. payment /mo
13 Beds
18 Baths
10,560 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Sixplex

Listing Status Active

Purchase Type For Sale

Square Footage 10,560 sqft

MLS Listing ID IRM202626061

Style Condo/Co-op Attached

Bedrooms 13

Full Baths 12

Half Baths 6

HOA Y/N No

Year Built 1997

Annual Tax Amount $21,024

Tax Year 25

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 8712

Property Sub-Type Sixplex

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.

Location

State IN

Rooms

Basement None

Interior

Heating Gas, Conventional, Heat Pump

Inclusions Building, Business, Land

Fireplace N

Exterior

Parking Features Concrete, Garage, Off Street, Paved

Amenities Available Sidewalks

View Y/N true

Total Parking Spaces 18

Building

Lot Description Level

Story Condo

Sewer Public Sewer

Water City

Level or Stories Condo

New Construction No

Schools

Elementary Schools Fairview

Middle Schools Tri-North

High Schools Bloomington North

School District Monroe County Community School Corp.

Others

Pets Allowed No

Tax ID 53-05-33-310-198.000-005

Monthly Total Fees $24, 000

Acceptable Financing IRM202626061

Listing Terms IRM202626061

Special Listing Condition None

Pets Allowed No

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202626061

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Mariah Cressy

Mariah Cressy

+1(574) 339-4941

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