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1450 N Willis Drive

Bloomington, IN 47404
  • $1,499,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 202217372
UPDATED: 10 min ago
$1,499,000
  • 24
    BEDS
  • 1.13
    ACRES
  • 24
    BATHS
  • 6
    1/2 BATHS
  • 9,684
    SQFT
Type:
Multi-Family
Built:
2009
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Great potential and location within 1 mile west of IU Football Stadium and Assembly Hall. Rents are low and being raised to $1750/unit with room to go higher. This six unit apartment complex hosts 24 bedrooms with 24 full baths and 6 half baths. Units are 1450 sq. ft/each. Each unit hosts 4 bedrooms with 4 1/2 baths. EACH BEDROOM HAS A FULL BATHROOM, the upstairs half bath has a full sized washer and dryer. These units are also being converted into individual condos and will be listed separately when the conversion process is complete. Unit #3 is currently being remodeled for individual sell and the reason it is not rented. This is the unit we are showing, the rented units need 24-48 hrs notice. Large parking lot, 24 parking spots.

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© 2022 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 Aimee Ness Realty Group. Data last updated: 2022-07-05T20:28:25.14.

www.aimeeness.com/homes/128555438
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1450 N Willis Drive Bloomington, IN 47404

  • Price: $1,499,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 10 min ago
  • MLS #: 202217372
24
Beds
24
Baths
6
½ Baths
1.13
Acres
9,684
SQFT
$155
$/SQFT
2009
Built
Neighborhood:
Northeast Bloomington City
County:
Monroe
Area:
Monroe
Elementary School:
Arlington Heights
Middle School:
Tri-North
High School:
Bloomington North
School District:
Monroe County Community School C
Property Description
Great potential and location within 1 mile west of IU Football Stadium and Assembly Hall. Rents are low and being raised to $1750/unit with room to go higher. This six unit apartment complex hosts 24 bedrooms with 24 full baths and 6 half baths. Units are 1450 sq. ft/each. Each unit hosts 4 bedrooms with 4 1/2 baths. EACH BEDROOM HAS A FULL BATHROOM, the upstairs half bath has a full sized washer and dryer. These units are also being converted into individual condos and will be listed separately when the conversion process is complete. Unit #3 is currently being remodeled for individual sell and the reason it is not rented. This is the unit we are showing, the rented units need 24-48 hrs notice. Large parking lot, 24 parking spots.
Exterior Features

Exterior BrickVinyl Location City/Town/SuburbNear College CampusNear Walking Trail Lot Description 0-2.9999 Lot Dimensions 1.13 Outbuilding None Parking LotPavedPrivate Parking Spaces 24 Pool YN No Road Surface Paved Roof Material Asphalt Style Townhouse Waterfront YN No

Interior Features

Above Grade Bedrooms 6 Above Grade Finished Sqft 4932 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanBalconyCable ReadyDeck OpenEat-In Kitchen Basement Foundation Full Basement Basement YN No Below Grade Baths 24 Below Grade Bedrooms 18 Below Grade Finished Sqft 4752 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 6 Disposals 6 Dryers 6 Flooring Vinyl Heating Fuel Forced Air Microwaves 6 Ranges Ovens 6 Refrigerators 6 Rooms Below Grade 18 Total Baths 30 Total Below Grade Sqft 4752 Total Sq Ft 9684 Unit1 Basement YN Yes Unit1 Bathrooms 4.5 Unit1 Bedrooms 4 Unit1 Sq Ft 1450 Unit2 Basement YN Yes Unit2 Bathrooms 4.5 Unit2 Bedrooms 4 Unit2 Sq Ft 1450 Unit3 Basement YN Yes Unit3 Bathrooms 4.5 Unit3 Bedrooms 4 Unit4 Basement YN Yes Unit4 Bathrooms 4 Unit4 Bedrooms 4 Unit4 Sq Ft 1450 Unit5 Bathrooms 4 Unit5 Bedrooms 4 Unit5 Sq Ft 1450 Unit6 Basement YN Yes Unit6 Bathrooms 4.5 Unit6 Bedrooms 4 Unit6 Sq Ft 1450 Wash Dry Hookups 6 Washers 6

Property Features

Annual Electric Expense 1807 Annual Fuel Expense 0 Annual Gross Rent 83580 Annual Insurance Expense 2954 Annual Maint Expense 5927 Annual Misc 0 Annual Net Income 44556 Annual Property Tax 16133 Annual Trash Expense 3456 Annual Water Sewer Exp 8747 Assoc Dues Frequency Not Applicable Buildings 1 Efficiencies 0 Exemptions No Exemptions For Sale Or Rent For Sale Four Bedrooms 6 Gas Meters 6 Gross Monthly Income 6965 Gross Monthly Rent 6965 Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Lawn MaintenanceTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Sixplex Proposed Financing CashConventional Reo YN No Sale Includes Building Sewer City Tenant Pays CableElectricHeating Three Bedrooms 0 Township Bloomington Two Bedrooms 0 Unit1 Unit Rent 1395 Unit2 Unit Rent 1395 Unit3 Unit Rent 0 Unit4 Unit Rent 1395 Unit5 Unit Rent 1395 Unit6 Unit Rent 1385 Units Rented 5 Water Utility City Year Taxes Payable 2021 Pay 2022

Listing provided by Autumn Mccoy of Sycamore Realty And Investments: 812-325-6182.
© 2022 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 Aimee Ness Realty Group.


© 2022 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 Aimee Ness Realty Group. Data last updated: 2022-07-05T20:28:25.14.

 
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