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1201 W Allen Street Bloomington, IN $ 4,300,000
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$ 4,300,000 Get more info
1201 W Allen Street
$ 4,300,000
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1201 W Allen Street

Bloomington, IN, 47403
$ 4,300,000
Bedrooms39 Baths40.0 Sq 23,310

Monthly Estimate*

$ 30,037

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Multi-Family Home for sale in Bloomington, IN

for $4,300,000 with 39 bedrooms and 40 full baths. This 23,310 square foot home was built in 1985.

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units that have been meticulously remodeled to offer modern comforts and style within the past two years. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. See the attached flyer for all renovation and update details! In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. This property is primed for a future of 100% occupancy and consistent rental income. Room to increase rents. Space to add more units. Value add opportunity. Investors seeking a secure and profitable addition to their portfolio need look no further than Hilltop Village!

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Multi-Family Active

Price

$ 4,300,000

Bedrooms

39

Full Bath

40

Property Type

Multi-Family

Taxes

$ 32,730

Style

Apartment Complex

Year Built

1985

Town/City

Bloomington

County/Region

Monroe

MLS | Web ID

202332690
Features
General
Heating Electricity Wall Heater
Cooling Wall AC
Sewer City
Status Active Active
Full Baths 40
Half Baths 0
Bathrooms 40
Year Built 1985
New Construction No
Tenant Pays Electric Sewer Water
Subdivision Southwest Bloomington City
Style Other
Stories 1
Township Perry
Class INVESTMENT
Type Apartment Complex
Age 39
Net Income 246370.03
Rent Income 406368
Features Open Floor Plan Water Heater Electric
REO No
Area Monroe County
High School Bloomington South
City Bloomington
School District Monroe County Community School C
Total Sq Ft 23310
Street Name Allen
Elementary School Templeton
Middle School Jackson Creek
Legal Description 015-62400-00 Sem Pt Lot 165 & Vac St 2.66A Hilltop Village Apartments & Houses
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202332690
Agent First Name Audra
Agent Last Name Cannon
DOM 251
Tax Year 2023
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Interior
Basement Slab
Flooring Vinyl
Beds 40
Total Number of Units 40
Microwaves 40
Refrigerators 40
Washers 3
Dryer(s) 3
Dishwasher(s) 40
Disposal(s) 0
Above Grade Bedrooms 40
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 40
W/D Hookups 3
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Exterior
Exterior Stone
Pool No
Number of Parking Spaces 40
Lot Size Area 115870
Lot Dimensions 460x260
Lot Description Rolling
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Audra Cannon

Listing Agent

Crm Properties, Inc

Broker

audra@crmproperties.net

Email

Affordability Calculator

$32,764
Per Month
92%
8%
0%
Monthly Principal & Interest
$30,037
Monthly Property Taxes
$2,728
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1236896 Elementary School
1236228 Middle School
Bloomington South High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/3/2023$4,300,000 -2.27% Price Down
9/8/2023$4,400,000 Listed Price

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1201 W Allen Street, Bloomington, IN, 47403 is a Multi-Family Home for sale at $4,300,000 with 23,310 sqft. 1201 W Allen Street has 39 bedrooms, 40.0 baths, and was built in 1985. The property's zip code is 47403 which is in Bloomington, IN

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