2511 E 2nd Street #1-16 Bloomington, IN 47401

Rare opportunity to own a prime location! First time offered for sale in close to 60 years! This 16 unit, 32 bedroom, apartment building is close to campus, on the bus line, and just blocks away from College Mall & Fresh Time Grocery. It boasts a solid rental history and is 100% rented through 2023. This offering consists of 4 three bedroom flats, 4 large one bedroom apartments, and eight two bedroom, three-level, town homes. The shared hallways on each end of the building have secure access. All apartments have W/D hookups and the majority of the units have W/d owned by building owner. Tenants pay all utilities but water and trash service. All apartments include a one car garage and there is ample surface parking as well for all tenants. The majority of the units have had updated flooring within the last five years--featuring Luxury Vinyl Plank or laminate in common living areas, as well as full paint reformatting. Roof replaced in 2017. Gross annual rent of $210,900. This 3/4 acre lot close to everything has potential redevelopment options to consider as well.