NOT LISTED FOR SALE

2106 E 2nd St Bloomington, IN 47401

27 Beds
15 Baths
12,460 Sq Ft
0.46 Acres

Last Sold April 27, 2017

Last sale price $1,300,000 $104 Per Sq Ft

10 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • Partially Carpeted
  • Binford Elementary School Rated A
  • Laundry Facilities

About This Home

As of April 2017

This 15 unit apartment building has a solid leasing history! 100% Leased through August 2017, and already 73.3% pre-leased for 2017/2018. Located at the high traffic corner of 2nd & High Street, and just a few blocks to IU Campus and the Mall. In 2012, improvements included a new retaining wall and sidewalk behind the building, new courtyard "trex" deck & seating area, a new roof and gutters, and exterior paint. A new boiler was installed in 2013. There are 12 two-bedroom apartments on the first and second levels, and 3 one-bedroom apartments on the lower level. Tenant pays electric (heating & cooling), internet & cable. Landlord pays trash, water & gas (hot water). The onsite coin laundry room generates additional monthly income. There is additional income potential via storage closets in the lower level. The onsite parking lot can accommodate up to 25 cars. HAND Occupancy permit expires January 14, 2020. There is an opportunity to bundle this investment property with MLS#201705291 - a 5 bedroom house that is pre-leased for the 2017/18 school year, just a few blocks away at 2222 E. Fifth Street (corner of Fifth & S. Roosevelt).

Last Agent to Sell the Property

Suzanne O'Connell

Focus HOA and Community Association Management Listed on: 02/10/2017

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $11,581

Year Built

  • Built in 1964

Lot Details

  • 0.46 Acre Lot
  • Corner Lot

Home Design

  • Shingle Roof
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 27 Bedrooms
  • 15 Full Bathrooms

Basement

  • Block Basement Construction
  • 3 Bathrooms in Basement
  • 3 Bedrooms in Basement
  • Crawl Space

Parking

  • 25 Parking Spaces
  • Driveway
  • Parking Lot
  • Off-Street Parking

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System

Listing and Financial Details

  • Tenant pays for electric, heating
  • The owner pays for lawn maintenance, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 53-08-03-100-024.000-009

Community Details

Pet Policy

  • Pet Restriction

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $940
  • Fuel Expense $1,498
  • Insurance Expense $7,308
  • Maintenance Expense $1,821
  • Trash Expense $888
  • Water Sewer Expense $5,136

Additional Features

  • 15 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Est. Annual Taxes

$11,581

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Complex
  • Year Built: 1964
  • Age: 53
  • Style: Two Story
  • Bedrooms: 27
  • Number Above Grade Bedrooms: 24
  • Total Bathrooms: 15
  • Total Full Bathrooms: 15
  • Legal Description: PT NE 3-8-1W .46A
  • Parcel Number ID: 53-08-03-100-024.000-009
  • Platted: Yes
  • Amenities: Off Street Parking
  • Inside City Limits: Yes
  • Location: City/Town/Suburb
  • Number Below Grade Bedrooms: 3
  • Sp Lp Percent: 89.72
  • Monthly Gross Income: 11640
  • Special Features: None

Interior Features

  • Total Sq Ft: 12460
  • Total Finished Sq Ft: 12460
  • Above Grade Finished Sq Ft: 9464
  • Below Grade Finished Sq Ft: 2996
  • Basement Foundation: Crawl
  • Basement Material: Block
  • Flooring: Laminate, Part Carpet
  • Main Level Sq Ft: 4732
  • Number Below Grade Bathrooms: 3
  • Total Below Grade Sq Ft: 2996
  • Number Of Disposals: 15
  • Number Of Ranges Ovens: 15
  • Number Ttl Rooms Below Grade: 12

Exterior Features

  • Exterior: Stone
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Driveway: Asphalt
  • Number Of Parking Spaces: 25
  • Parking: Lot

Utilities

  • Cooling: Central Air, Window
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Bloomington City Utility
  • Annual Electric: 940
  • Annual Fuel Expense: 1498
  • Annual Insurance Expense: 7308
  • Annual Maintenance Expense: 1821
  • Annual Trash Expense: 888
  • Annual Water Sewer Expense: 5136
  • Number Electric Meters: 1
  • Number Gas Meters: 1
  • Number Of W D Hookups: 4
  • Number Water Meters: 1

Condo/Co-op/Association

  • Common Amenities: Laundry Facilities
  • Pet Restrictions: Yes

Schools

  • School District: Monroe County Community School Corp.
  • Elementary School: Rogers/Binford
  • Middle School: Jackson Creek
  • High School: Bloomington South

Lot Info

  • Lot Description: Corner
  • Lot Dimensions: 20038
  • Estimated Lot Sq Ft: 20038
  • Estimated Lot Size Acres: 0.46
  • Expiration Of Permit: 01/14/2020

Rental Info

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

Multi Family

  • Gross Monthly Rent: 11640
  • Number Of Dishwashers: 13
  • Number Of Dryers: 2
  • Number Of Refrigerators: 15
  • Number Of Units: 15
  • Number Of Washers: 2
  • Num Of1 Bedrooms: 3
  • Num Of2 Bedrooms: 12
  • Num Of Units Rented: 15

Tax Info

  • Annual Property Tax: 11581

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 Change Sq Ft Price
04/27/2017 04/27/17 Sold $1,300,000 -10.3% $104 / Sq Ft
02/20/2017 02/20/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $1,449,000 -- $116 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Suzanne O'Connell

    Seller's Agent in 2017

    Suzanne O'Connell

    Focus HOA and Community Association Management

    (812) 325-8977

    4 Total Sales

    Suzanne O'Connell
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Map

Source: Indiana Regional MLS

MLS Number: 201705292

Indiana Regional MLS
Indiana Monroe County Bloomington 47401

2106 E 2nd St, Bloomington, IN

This home is located at 2106 E 2nd St, Bloomington, IN 47401 since 10 February 2017. This property was built in 1964. 2106 E 2nd St is a home located in Monroe County with nearby schools including Binford Elementary School, Rogers Elementary School, and Jackson Creek Middle School.

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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