522 W Davis Street, Bloomington, Indiana

$674,900

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6

Beds

6

Baths

3,252

Square feet

0.57

Acres

About 522 W Davis Street

$6730 is the expected monthly rental income once the rent increase approval process is completed. Half have already been approved and activated for March/April. Super low maintenance with excellent income. This property was taken down to the studs within the past ten years and completely updated with new electric, plumbing, windows, roof, doors, HVAC, sewer line, flooring. Dry basement with drainage work completed, new gutters, buried downspouts. Maintenance calls are almost non-existent. No carpeting makes for easy turnovers (not that there are many turnovers). Lots of nice touches like intercom for second floor units to avoid running up and down stairs to answer the door and motion sensor lights. All the current tenants are in the HCV or HUD-VASH (for Veterans) programs. Rents are guaranteed and direct deposited to landlord. Landlord pays electric, water/sewer and trash. Shared heat pump HVAC have their own zone controls. Efficient heat pump water heater with storage tank provides plenty of hot water. Utilities average $100-$125 per unit per month. Coin operated laundry is on site (included in the sale). HAND permit expires April 2028. Situated on 3 city lots (development potential?) on the edge of McDoel Gardens (not included in the historic district restrictions) and just a few blocks from the new Hopewell Development that is rejuvenating the old Hospital site to create a new core neighborhood with parks, plazas and mixed use space. **Numbers in listing are based on rent increases that will be realized in 2024.**

Features of 522 W Davis Street

MLS® # 202343620
Price $674,900
Bedrooms 6
Bathrooms 6.00
Full Baths 6
Square Footage 3,252
Acres 0.57
Year Built 1946
Type Multifamily
Sub-Type Apartment Building
Status Contingent

Community Information

Address 522 W Davis Street
Subdivision None
City Bloomington
County Monroe County
State Indiana
Zip Code 47403

Amenities

Features Basement
Parking Spaces 10
Is Waterfront No
Has Pool No

Interior

Interior Vinyl
Heating Geothermal
Cooling Central Air
# of Stories 2
Stories Two Story
Has Basement Yes
Basement Partial Basement

Exterior

Exterior Wood
Lot Description Level
Construction Not Applicable

School Information

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

Additional Information

Days on Market 141
Foreclosure No
RE / Bank Owned No
HOA Fees 0.00
HOA Fees Freq. Not Applicable

Listing Details

AgentDeborah Tomaro
OfficeDeb Tomaro Real Estate
Contact Infodeb.tomaro@homefinder.org

Listing Map

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