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Showcase Indiana Real Estate
314 N Washington St, Bloomington, IN 47404
- $4,000,000
- 13
- BD
- 18
- BA
- 10,560
- SqFt
Listing courtesy of Kerry Feigenbaum from FC Tucker/Bloomington REALTORS. kerry.feigenbaum@homefinder.org
- List Price
- $4,000,000
- Status
- ACTIVE
- MLS#
- 202626061
- Year Built
- 1997
- Days On Market
- Unknown
- Bedrooms
- 13
- Bathrooms
- 18
- Half-baths
- 6
- Living Area
- 10,560
- Township
- Bloomington
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.
Additional Information
- Acres
- 0.20
- Taxes
- $21,024
- Lot Features
- Level
- Water
- City
- Heating
- Natural Gas, Heat Pump
- Cooling
- Central Air
- Flooring
- Carpet, Laminate
- School District
- Monroe County Community School Corp.
- Elementary School
- Fairview
- Middle School
- Tri-North
- High School
- Bloomington North
- Agent Name
- Kerry Feigenbaum
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 