NOT LISTED FOR SALE

1890 S Walnut St Bloomington, IN 47401

24 Beds
24 Baths
13,018 Sq Ft
20,909 Sq Ft Lot

Sale Details

Date Sold: December 7, 2021

Last sale price $869,600 $67 Per Sq Ft

224 Days on Market

Highlights

  • Tile Flooring
  • Jackson Creek Middle School Rated A
  • Forced Air Heating System

About This Home

As of December 2021

22 one bedroom and 1 two bedroom apartment units located just south. All units are leased and the new City occupancy permit doesn’t expire until 1/11/25. There is seldom a vacancy in these close in one bedroom apartments that offer below market rental rates. The roof was recently replaced and the parking lot has nearly new blacktop. Call to arrange a preview. Conveniently located off of South Walnut and close to Switchyard park and walking trail.

Last Agent to Sell the Property

Jimmie Coffey

United Country Coffey Realty & Auction Listed on: 04/27/2021

Co-Listed By

Tim Ellis

Tim Ellis Realtors & Auctioneers Inc.

Last Buyer's Agent

Jimmie Coffey

United Country Coffey Realty & Auction Listed on: 04/27/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,581

Year Built

  • Built in 1967

Lot Details

  • 20,909 Sq Ft Lot
  • Irregular Lot

Home Design

  • Apartment
  • Slab Foundation
  • Stone Exterior Construction
  • Vinyl Construction Material

Interior Spaces

  • 13,018 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 24 Bedrooms
  • 24 Full Bathrooms

Parking

  • 18 Parking Spaces
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electric, fuel, water
  • The owner pays for tax
  • Assessor Parcel Number 53-08-09-200-070.000-009

Community Details

Overview

  • 23 Units

Building Details

  • Electric Expense $8,000
  • Fuel Expense $4,000
  • Insurance Expense $5,500
  • Maintenance Expense $5,000
  • Trash Expense $3,500
  • Water Sewer Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,581

Year Built

Built in 1967

Lot Details

0.48 Acres

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1967
  • Style: Attached
  • Bedrooms: 24
  • Total Bathrooms: 24
  • Total Full Bathrooms: 24
  • Legal Description: 015-44070-00 PT SW NW 9-8-1W .48; PLAT 56
  • Parcel Number ID: 53-08-09-200-070.000-009
  • Platted: Yes
  • Amenities: Off Street Parking, Near Walking Trail
  • Special Features: None

Interior Features

  • Total Sq Ft: 13018
  • Total Finished Sq Ft: 13018
  • Above Grade Finished Sq Ft: 13018
  • Basement Foundation: Slab
  • Flooring: Carpet, Tile
  • Number Of Ranges Ovens: 23

Exterior Features

  • Exterior: Stone, Vinyl
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 18

Utilities

  • Cooling: Window
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 8000
  • Annual Fuel Expense: 4000
  • Annual Insurance Expense: 5500
  • Annual Maintenance Expense: 5000
  • Annual Trash Expense: 3500
  • Annual Water Sewer Expense: 3000

Lot Info

  • Lot Description: Irregular
  • Lot Dimensions: 0.48
  • Estimated Lot Sq Ft: 20909
  • Estimated Lot Size Acres: 0.48
  • Expiration Of Permit: 01/11/2025

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Tax
  • Tenant Pays: Electric, Fuel, Water

Tax Info

  • Annual Property Tax: 12581.22

Multi Family

  • Number Of Refrigerators: 23
  • Number Of Units: 23
  • Num Of1 Bedrooms: 22
  • Num Of2 Bedrooms: 1
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Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2021 12/07/21 Sold $869,600 -8.5% $67 / Sq Ft
06/22/2021 06/22/21 Price Changed $950,000 +94999900.0% $73 / Sq Ft
04/27/2021 04/27/21 For Sale $1 -- $0 / Sq Ft
Source: Indiana Regional MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,461 $1,012,000 $180,000 $832,000
2024 $17,461 $852,900 $180,000 $672,900
2023 $8,745 $826,500 $180,000 $646,500
2022 $17,165 $847,800 $180,000 $667,800
2021 $12,617 $608,700 $180,000 $428,700
2020 $12,581 $608,700 $180,000 $428,700
2019 $12,765 $607,100 $180,000 $427,100
2018 $12,798 $607,300 $180,000 $427,300
2017 $12,676 $600,200 $180,000 $420,200
2016 $12,458 $600,200 $180,000 $420,200
2014 $12,026 $577,600 $180,000 $397,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202114393

Indiana Regional MLS
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