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Listed by FC Tucker/Bloomington REALTORS
$4,000,000
Est. payment /mo
15 Baths
8,712 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID IRM202626116
HOA Y/N No
Year Built 1997
Annual Tax Amount $21,024
Tax Year 2026
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions Irregular
Property Sub-Type Mixed Use
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 Other
Interior
Heating Forced Air
Inclusions Building
Fireplace N
Exterior
Parking Features Garage, Off Street
View Y/N true
Total Parking Spaces 18
Building
Sewer Public Sewer
Water City, Public
New Construction No
Others
Pets Allowed No
Tax ID 53-05-33-310-198.000-005
Acceptable Financing IRM202626116
Listing Terms IRM202626116
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202626116
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