Active
Multi-family
314 N Washington Street
Bloomington, IN 47404
Directions:
From North take College S to 8th Street and turn left, turn R on Washington and property on your left.
Last Modified: Jul 1
Tax Amount: 21024.78
Built: 1997
MLS #: 202626061
$4,000,000
314 N Washington Street, Bloomington, IN 47404
13
BEDS
18
BATHS
10560
SQFT
0.2
ACRES
ABOUT
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.
FEATURES & AMENITIES
Source MLS: IRMLS