1201 W Allen Street, Bloomington, Indiana

$4,300,000

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40

Beds

40

Baths

23,310

Square feet

2.66

Acres

About 1201 W Allen Street

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!

Features of 1201 W Allen Street

MLS® # 202332690
Price $4,300,000
Bedrooms 40
Bathrooms 40.00
Full Baths 40
Square Footage 23,310
Acres 2.66
Year Built 1985
Type Multifamily
Sub-Type Apartment Complex
Status Active

Community Information

Address 1201 W Allen Street
Subdivision Southwest Bloomington City
City Bloomington
County Monroe County
State Indiana
Zip Code 47403

Amenities

Features Open Floor Plan, Water Heater Electric
Parking Spaces 40
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Heating Electricity, Wall Heater
Cooling Wall AC
# of Stories 1
Stories Other
Has Basement No
Basement Slab

Exterior

Exterior Stone
Lot Description Rolling
Construction Not Applicable

School Information

District Monroe County Community School Corp.
Elementary Templeton
Middle Jackson Creek
High Bloomington South

Additional Information

Days on Market 229
Foreclosure No
RE / Bank Owned No
HOA Fees 0.00
HOA Fees Freq. Not Applicable

Listing Details

AgentAudra Cannon
OfficeCRM Properties, Inc
Contact InfoCell: 765-431-9111

Listing Map

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