$3,995,000
PENDING

1201 W Allen St Bloomington, IN 47403

Estimated payment $24,362/month

Total Views 10,273
40 Beds
40 Baths
23,310 Sq Ft
$171 Price per Sq Ft

Highlights

  • Open Floorplan
  • Backs to Open Ground
  • Landscaped
  • Bloomington High School South Rated A
  • Patio
  • Baseboard Heating

About This Home

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.

Listing Agent

Audra Cannon

CRM Properties, Inc Brokerage Phone: 765-431-9111 Listed on: 04/06/2025

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $40,922

Year Built

  • Built in 1985

Lot Details

  • 2.66 Acre Lot
  • Lot Dimensions are 460x260
  • Backs to Open Ground
  • Landscaped

Parking

  • 40 Parking Spaces

Home Design

  • Slab Foundation
  • Stone Exterior Construction

Interior Spaces

  • 23,310 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 40 Bedrooms
  • 40 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Templeton Elementary School
  • Jackson Creek Middle School
  • Bloomington South High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • The owner pays for lawn maintenance, sewer, trash collection, water
  • Assessor Parcel Number 53-08-05-300-004.000-009

Community Details

Overview

  • 9 Buildings
  • 40 Units

Pet Policy

  • Pets Allowed with Restrictions

Building Details

  • Electric Expense $2,750
  • Fuel Expense $438
  • Insurance Expense $14,350
  • Trash Expense $2,759
  • Water Sewer Expense $12,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$40,922

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1985
  • Bedrooms: 40
  • Total Bathrooms: 40
  • Total Full Bathrooms: 40
  • Legal Description: 015-62400-00 Seminary Pt Lot 165
  • Parcel Number ID: 53-08-05-300-004.000-009
  • Platted: Yes
  • Amenities: Cable Available, Landscaped, Open Floor Plan, Patio Open, Water Heater Electric
  • Special Features: None

Interior Features

  • Total Sq Ft: 23310
  • Total Finished Sq Ft: 23310
  • Above Grade Finished Sq Ft: 23310
  • Basement Foundation: Slab
  • Flooring: Vinyl
  • Number Of Disposals: 40
  • Number Of Microwaves: 40
  • Number Of Ranges Ovens: 40

Exterior Features

  • Exterior: Stone
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 40

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Electricity, Baseboard, Wall Heater
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 2750
  • Annual Fuel Expense: 438
  • Annual Insurance Expense: 14350
  • Annual Trash Expense: 2759
  • Annual Water Sewer Expense: 12000
  • Number Of W D Hookups: 3

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • Elementary School: Templeton

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 460x260
  • Estimated Lot Sq Ft: 115870
  • Estimated Lot Size Acres: 2.66

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Lawn Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Annual Property Tax: 40922

Multi Family

  • Number Of Dishwashers: 40
  • Number Of Dryers: 3
  • Number Of Refrigerators: 40
  • Number Of Units: 40
  • Number Of Washers: 3
  • Num Of1 Bedrooms: 39
  • Num Of Efficiencies: 1

MLS Schools

  • High School: Bloomington South
  • Middle School: Jackson Creek
  • School District: Monroe County Community School Corp.

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
10/27/2025 10/27/25 Pending -- -- --
04/06/2025 04/06/25 For Sale $3,995,000 +59.8% $171 / Sq Ft
01/08/2021 01/08/21 For Sale $2,500,000 +5.9% $107 / Sq Ft
01/06/2021 01/06/21 Sold $2,360,000 0.0% $101 / Sq Ft View Prior Sale
01/01/2021 01/01/21 Off Market $2,360,000 -- --
10/05/2020 10/05/20 For Sale $2,500,000 +5.9% $107 / Sq Ft
10/01/2020 10/01/20 Off Market $2,360,000 -- --
03/24/2020 03/24/20 Price Changed $2,500,000 -7.4% $107 / Sq Ft
12/02/2019 12/02/19 Price Changed $2,700,000 -10.0% $116 / Sq Ft
09/04/2019 09/04/19 For Sale $3,000,000 +27.1% $129 / Sq Ft
09/04/2019 09/04/19 Off Market $2,360,000 -- --
06/03/2019 06/03/19 For Sale $3,000,000 -- $129 / Sq Ft
Source: Indiana Regional MLS

Source: Indiana Regional MLS

MLS Number: 202511570

Indiana Regional MLS
Indiana Monroe County Bloomington 47403

1201 W Allen St, Bloomington, IN

Pending

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Nearby Homes
Listing Agent
Audra Cannon
Section Image
CRM Properties, Inc
(812) 408-8987