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717 & 801 N College Avenue

Bloomington, IN 47404
  • $2,550,000
  • STATUS: Active
  • ON SITE: 101 Days
  • MLS #: 202210025
UPDATED: 62 min ago
$2,550,000
  • 10
    BEDS
  • 0.69
    ACRES
  • 9
    BATHS
  • 3
    1/2 BATHS
  • 7,249
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1840
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Remarkable investment opportunity close to IU Campus and Bloomington's Downtown on highly visible College Avenue. Both properties sit side by side facing College Avenue with an empty lot in the center that is part of the 801 plat. Property is developable, see separate docs from Monroe County Planning attached and visit the planning department for further information. 801 N College was the former Scholars Inn Bed & Breakfast and offers 5 bedrooms and study with each room boasting an en suite (6 total full baths). The property has parking and a beautiful back yard with mature trees. This is currently rented to students and has leases in place thru August 2023. 717 N College was the former Scholars Inn Gourmet Cafe and Wine Bar. It was completely remodeled in 2020 and has been operating as a Vacation Rental since July 2020. Each level is rented separately or the entire house can be rented together with 2 separate listings on vacation rental sites. 717 would be sold turn key and buyers may take over VRBO and Air B&B listings with bookings through the fall and Graduation 2023. This property has 3 bedrooms and 2 full plus 2 half baths downstairs and an additional full bath and two bedrooms upstairs with a kitchenette. Each level has an expansive deck and the back of this property has 16 parking spots which generate income from Flexepark. Both houses were built before 1900 and exude all the charm you'd expect to find in homes of this era. See document attached for details of each property.

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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/127082336
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717 & 801 N College Avenue Bloomington, IN 47404

  • Price: $2,550,000
  • Status: Active
  • On Site: 101 Days
  • Updated: 62 min ago
  • MLS #: 202210025
10
Beds
9
Baths
3
½ Baths
0.69
Acres
7,249
SQFT
$352
$/SQFT
1840
Built
Neighborhood:
Kenwood
County:
Monroe
Area:
Monroe
Elementary School:
Fairview
Middle School:
Tri-North
High School:
Bloomington North
School District:
Monroe County Community School C
Property Description
Remarkable investment opportunity close to IU Campus and Bloomington's Downtown on highly visible College Avenue. Both properties sit side by side facing College Avenue with an empty lot in the center that is part of the 801 plat. Property is developable, see separate docs from Monroe County Planning attached and visit the planning department for further information. 801 N College was the former Scholars Inn Bed & Breakfast and offers 5 bedrooms and study with each room boasting an en suite (6 total full baths). The property has parking and a beautiful back yard with mature trees. This is currently rented to students and has leases in place thru August 2023. 717 N College was the former Scholars Inn Gourmet Cafe and Wine Bar. It was completely remodeled in 2020 and has been operating as a Vacation Rental since July 2020. Each level is rented separately or the entire house can be rented together with 2 separate listings on vacation rental sites. 717 would be sold turn key and buyers may take over VRBO and Air B&B listings with bookings through the fall and Graduation 2023. This property has 3 bedrooms and 2 full plus 2 half baths downstairs and an additional full bath and two bedrooms upstairs with a kitchenette. Each level has an expansive deck and the back of this property has 16 parking spots which generate income from Flexepark. Both houses were built before 1900 and exude all the charm you'd expect to find in homes of this era. See document attached for details of each property.
Exterior Features

Architectural Style Victorian Driveway Asphalt Exterior BrickWood Location City/Town/SuburbHistoric District Lot Description Historic DesignationIrregularPartially Wooded Lot Dimensions Unknown Outbuilding Shed Outbuilding Sq Ft 64 Parking Off Street Parking Spaces 24 Pool YN No Roof Material Dimensional ShinglesShingle Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 10 Above Grade Finished Sqft 7249 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanFireplaceOff Street ParkingNear Walking TrailStorageBreakfast BarCable ReadyDetector-Carbon MonoxideDetector-SmokeJet/Garden TubWater Heater Gas Basement Foundation CellarUnfinished Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1170 Cooling Central AirOtherMultiple Cooling Units Dishwashers 2 Disposals 2 Dryers 2 Flooring CarpetVinyl TileWoodTile Heating Fuel ConventionalElectricityGasHeat PumpMultiple Heating Systems Microwaves 3 Ranges Ovens 2 Refrigerators 5 Rooms Below Grade 1 Total Baths 12 Total Below Grade Sqft 1170 Total Sq Ft 8419 Unit1 Basement YN Yes Unit1 Bathrooms 6 Unit1 Bedrooms 5 Unit1 Sq Ft 3104 Unit2 Basement YN No Unit2 Bathrooms 5 Unit2 Bedrooms 5 Unit2 Sq Ft 4145 Wash Dry Hookups 2 Washers 2

Property Features

Annual Electric Expense 4091.7 Annual Fuel Expense 1202.49 Annual Gross Rent 164800 Annual Insurance Expense 3200 Annual Maint Expense 9000 Annual Misc 0 Annual Net Income 126190.89 Annual Property Tax 19221.92 Annual Trash Expense 1093 Annual Water Sewer Exp 800 Assoc Dues Frequency Not Applicable Buildings 2 Documents Available LeaseSellers Disclosure Efficiencies 0 Electric Company Duke Energy Indiana For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Other Gross Monthly Income 13733 Gross Monthly Rent 13700 Lease Term 1 YearOther New Construction No Occup Permit YN Yes One Bedrooms 0 Owner Pays Building InsuranceLawn MaintenanceMaintenanceTaxTrash Collection Owner Real Estate License YN No Permit Expiration 2025-08-01 Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Sale Includes BuildingLeaseOther Sewer City Tenant Pays CableCoolingElectricHeatingSewerWater Three Bedrooms 0 Township Bloomington Two Bedrooms 0 Units Rented 2 Water Company Bloomington City Utility Water Utility City Year Taxes Payable 2022/23

Listing provided by Kerry Feigenbaum of Fc Tucker/Bloomington Realtors: 812-336-7300.
© 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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