NOT LISTED FOR SALE

1116 N Walnut St Bloomington, IN 47404

7 Beds
5.5 Baths
7,032 Sq Ft
8,712 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $915,000 $130 Per Sq Ft

53 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • University Elementary School Rated A
  • 3-minute walk to Miller-Showers Park

About This Home

As of October 2021

Multi-Family student rental investment for sale. Apartments are 100% leased through August 2022 and located between the IU Football Stadium and Downtown Bloomington. Unit mix includes four 1-bedroom apartments and one 3-bedroom apartment. 2,100 sq ft office space on main and 2nd floor that can be converted into apartments. Property was recently re-zoned MS (Mixed-Use Student Housing) which allows residential living on the ground floor. 12 private parking spots including 2 indoor garage spaces, 6 carport spaces and 4 uncovered spaces.

Last Agent to Sell the Property

Craig Dohman

Century 21 Scheetz - Bloomington Listed on: 07/30/2021

Century 21 Scheetz - Bloomington

Last Buyer's Agent

Craig Dohman

Century 21 Scheetz - Bloomington Listed on: 07/30/2021

Century 21 Scheetz - Bloomington

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $14,378

Year Built

  • Built in 2011

Lot Details

  • 8,712 Sq Ft Lot
  • Sloped Lot

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Siding

Interior Spaces

  • 7,032 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for water
  • Assessor Parcel Number 53-05-33-202-054.000-005

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $2,400
  • Water Sewer Expense $2,280

Property Details

Home Type

Apartment

Est. Annual Taxes

$14,378

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 2011
  • Age: 10
  • Style: Three Story
  • Bedrooms: 7
  • Number Above Grade Bedrooms: 7
  • Total Bathrooms: 6
  • Total Full Bathrooms: 5
  • Total Number of Half Bathrooms: 1
  • Legal Description: 013-20590-00 FULWIDERS LOT 7
  • Parcel Number ID: 53-05-33-202-054.000-005
  • Platted: Yes
  • Sp Lp Percent: 98.92
  • Monthly Gross Income: 5055
  • Special Features: None

Interior Features

  • Total Sq Ft: 7032
  • Total Finished Sq Ft: 7032
  • Above Grade Finished Sq Ft: 7032
  • Price Per Sq Ft: 130.12
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Number Of Disposals: 5
  • Number Of Microwaves: 5
  • Number Of Ranges Ovens: 5
  • Number Ttl Rooms Below Grade: 7

Exterior Features

  • Exterior: Brick, Metal
  • Stories: 3

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2400
  • Annual Water Sewer Expense: 2280
  • Number Of W D Hookups: 5

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: University
  • Middle School: Tri-North
  • High School: Bloomington North

Lot Info

  • Lot Description: Slope
  • Estimated Lot Sq Ft: 8712
  • Estimated Lot Size Acres: 0.2

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Water
  • Tenant Pays: Electric

Multi Family

  • Gross Monthly Rent: 5055
  • Number Of Dishwashers: 5
  • Number Of Dryers: 5
  • Number Of Refrigerators: 5
  • Number Of Units: 5
  • Number Of Washers: 5
  • Num Of1 Bedrooms: 4
  • Number Of 3 Bedrooms: 1
  • Num Of Units Rented: 5

Tax Info

  • Annual Property Tax: 14378.48

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2021 10/21/21 Sold $915,000 0.0% $130 / Sq Ft
07/30/2021 07/30/21 For Sale $915,000 +46.4% $130 / Sq Ft
08/23/2018 08/23/18 Sold $625,000 0.0% $89 / Sq Ft View Prior Sale
08/22/2018 08/22/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $625,000 -- $89 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Craig Dohman

    Seller's Agent in 2021

    Craig Dohman

    Century 21 Scheetz - Bloomington

    (812) 606-0136

    44 Total Sales

    Craig Dohman
    Section Image
  • James Regester

    Seller's Agent in 2018

    James Regester

    RE/MAX

    (812) 650-3600

    123 Total Sales

    James Regester
    Section Image
See All Agents

Map

Source: Indiana Regional MLS

MLS Number: 202130913

Indiana Regional MLS

APN: 53-05-33-202-054.000-005

Indiana Monroe County Bloomington 47404

1116 N Walnut St, Bloomington, IN

This home is located at 1116 N Walnut St, Bloomington, IN 47404 since 30 July 2021. This property was built in 2011. 1116 N Walnut St is a home located in Monroe County with nearby schools including University Elementary School, Tri-North Middle School, and Bloomington High School North.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for 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 not guaranteed.

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