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    412 E 2nd Street

    Bloomington, IN 47401
    • $434,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 202042627
    UPDATED: 17 min ago
    $434,000
    • 4
      BEDS
    • 0.17
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 1,515
      SQFT
    Type:
    Multi-Family
    Built:
    1899
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Welcome to the perfect home to accommodate your needs as an investment property. Located in the Vinegar Hill Historic District only a few blocks from the legendary Sample Gates, Jacobs School of Music, Maurer School of Law, and the School of Optometry at Indiana University. A wonderful location for renters to easily access campus and downtown shops. The home has been partitioned into 4 individual units complete with hardwood floors, stainless steel appliances, and updated kitchens / bathrooms. This home is great for students, university employees and anyone in the need of a home near the bustling streets of downtown Bloomington. Options are limitless for the use of this property. Prior to the onset of the pandemic, the property was used for short term rentals on AirBnb and VRBO. AirBnb and VRBO are great options for parents, grandparents, alumni, and freshmen traveling across the country for campus tours. Renting as an AirBnb / VRBO could mean double or triple the rent price. Since Covid19 the home has been leased on longer terms with each of the 4 units paying $100 monthly for utilities in addition to rent. The parking around the back of the property makes it simple for renters to get in and out of the home at ease. This home was designed for minimal maintenance if any necessary. The monthly gross rent is $3,700, with 2019s rental income totaling $72,000 (see documents). Units 2, 3, and 4 will be sold fully furnished. The perfect investment property for a beginner, or to add to an existing portfolio.

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    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-12-01T18:27:54.697.

    www.parkerteamhomes.com/homes/111225751
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    412 E 2nd Street Bloomington, IN 47401

    • Price: $434,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 202042627
    4
    Beds
    4
    Baths
    0
    ½ Baths
    0.17
    Acres
    1,515
    SQFT
    $286
    $/SQFT
    1899
    Built
    Neighborhood:
    Southeast Bloomington City
    County:
    Monroe
    Area:
    Monroe
    Elementary School:
    Rogers/Binford
    Middle School:
    Jackson Creek
    High School:
    Bloomington South
    School District:
    Monroe County Community School C
    Property Description
    Welcome to the perfect home to accommodate your needs as an investment property. Located in the Vinegar Hill Historic District only a few blocks from the legendary Sample Gates, Jacobs School of Music, Maurer School of Law, and the School of Optometry at Indiana University. A wonderful location for renters to easily access campus and downtown shops. The home has been partitioned into 4 individual units complete with hardwood floors, stainless steel appliances, and updated kitchens / bathrooms. This home is great for students, university employees and anyone in the need of a home near the bustling streets of downtown Bloomington. Options are limitless for the use of this property. Prior to the onset of the pandemic, the property was used for short term rentals on AirBnb and VRBO. AirBnb and VRBO are great options for parents, grandparents, alumni, and freshmen traveling across the country for campus tours. Renting as an AirBnb / VRBO could mean double or triple the rent price. Since Covid19 the home has been leased on longer terms with each of the 4 units paying $100 monthly for utilities in addition to rent. The parking around the back of the property makes it simple for renters to get in and out of the home at ease. This home was designed for minimal maintenance if any necessary. The monthly gross rent is $3,700, with 2019s rental income totaling $72,000 (see documents). Units 2, 3, and 4 will be sold fully furnished. The perfect investment property for a beginner, or to add to an existing portfolio.
    Exterior Features

    Driveway Gravel Exterior Aluminum Fence None Location On College Campus Lot Description 0-2.9999 Lot Dimensions .17 Outbuilding None Parking Gravel Parking Spaces 6 Pool YN No Road Access City Road Surface Asphalt Roof Material Shingle Sea Wall Type None Style One Story Waterfront YN No

    Interior Features

    Above Grade Bedrooms 4 Above Grade Finished Sqft 1515 Above Grade Unfin Sq Ft 0 Amenities Detector-SmokePorch CoveredWater Heater Electric Basement Foundation CellarOutside Entrance Basement Material Block Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Wall Ac Dishwashers 2 Disposals 2 Dryers 0 Flooring Laminate Heating Fuel Gas Main Level Sq Ft 1515 Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 0 Total Sq Ft 1515 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 423 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 378 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit3 Sq Ft 392 Unit4 Bathrooms 1 Unit4 Bedrooms 1 Unit4 Sq Ft 423 Wash Dry Hookups 0 Washers 0

    Property Features

    Annual Electric Expense 1574 Annual Fuel Expense 540 Annual Gross Rent 39600 Annual Insurance Expense 1023 Annual Maint Expense 1649 Annual Misc 0 Annual Net Income 30509 Annual Property Tax 3825 Annual Trash Expense 0 Annual Water Sewer Exp 480 Assoc Dues Frequency Not Applicable Common Amenities Sidewalks Documents Available Lbp FormSellers Disclosure Efficiencies 2 Electric Company Duke Energy Indiana Electric Meters 1 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Vectren Energy Gas Meters 1 Gross Monthly Income 3300 Gross Monthly Rent 3300 Lease Term Month To Month New Construction No Occup Permit YN Yes One Bedrooms 2 Owner Pays Building InsuranceCoolingElectricHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No People Allowed 4 Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Reo YN No Sale Includes Building Sewer City Tenant Pays Other Three Bedrooms 0 Township Perry Two Bedrooms 0 Unit1 Unit Rent 800 Unit2 Unit Rent 800 Unit3 Unit Rent 800 Unit4 Unit Rent 900 Units Rented 4 Water Company Bloomington City Utility Water Meters 1 Water Utility City Year Taxes Payable 2019

    Listing courtesy of Susan Slaven of Eagle Pointe Realty Corp.
    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty.


    © 2020 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Parker Team | Keller Williams Realty. Data last updated: 2020-12-01T18:27:54.697.

     
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