100-106 S Yancy Ln, Bloomington, IN 47404

Property Description

Investment opportunity on Bloomington's west side! Situated on 1.07 acres at the end of a dead-end street, this property consists of three duplex buildings offering a total of six 3-bedroom, 1-bath units, each with a one-car carport. Four units are currently vacant, providing an excellent opportunity for an investor to lease at current market rents, while two units are occupied with month-to-month tenants. There may be potential for an additional buildable lot, possibly allowing for one more dwelling unit, adding even more value and future income potential. Buyer to verify the potential for additional development, and all zoning and building requirements. Conveniently located just off West 3rd Street near I-69, this property offers easy access to west side shopping, restaurants, major employers, and Indiana University. The combination of immediate upside potential, strong rental demand, a potential additional building site, and a desirable location makes this a rare opportunity for investors seeking value-add potential. If all six units are leased at current market rental rates, the projected gross annual income is estimated to be between $90,000 and $93,600. Please review the photos for additional views of the buildings, grounds, and interior of the units.