NOT LISTED FOR SALE

2511 E 2nd St Unit 1-16 Bloomington, IN 47401

32 Beds
41 Baths
28,157 Sq Ft
0.74 Acres

Last Sold November 04, 2022

Last sale price $2,925,000 $104 Per Sq Ft

10 Days on Market

Highlights

  • Traditional Architecture
  • Corner Lot
  • Eat-In Kitchen
  • Binford Elementary School Rated A
  • 1 Car Detached Garage
  • Patio

About This Home

As of November 2022

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.

Last Listed By

Avery Thatcher

Thatcher Real Estate Listed on: 09/23/2022

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $25,590

Year Built

  • Built in 1967

Lot Details

  • 0.74 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • 1 Bathroom in Basement
  • Fire and Smoke Detector
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Flooring

  • Partially Carpeted
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 32 Bedrooms

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Schools

  • Rogers/Binford Elementary School
  • Jackson Creek Middle School
  • Bloomington South High School

Utilities

  • Central Air
  • Electric Water Heater

Additional Features

  • Patio
  • Suburban Location

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for trash collection, water
  • Assessor Parcel Number 53-08-03-100-052.000-009

Community Details

Overview

  • 3 Buildings
  • 16 Units
  • Southeast Bloomington City Subdivision

Building Details

  • 16 Separate Electric Meters
  • 1 Separate Water Meter
  • Electric Expense $624
  • Trash Expense $2,026
  • Water Sewer Expense $9,518

Property Details

Home Type

Apartment

Est. Annual Taxes

$25,590

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1967
  • Age: 55
  • Style: Two Story
  • Architectural Style: Traditional
  • Bedrooms: 32
  • Number Above Grade Bedrooms: 32
  • Total Bathrooms: 41
  • Total Full Bathrooms: 32
  • Total Number of Half Bathrooms: 9
  • Legal Description: 015-20580-00 PT NE NE 3-8-1W .74A; PLAT 31
  • Parcel Number ID: 53-08-03-100-052.000-009
  • Platted: Yes
  • Amenities: Basement, Fireplace, Off Street Parking, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Garage Door Opener, Patio Open, Water Heater Electric, Washer Hook-Up
  • Inside City Limits: Yes
  • Location: City/Town/Suburb, Near College Campus
  • Road Access: City
  • Road Surface: Asphalt
  • Sp Lp Percent: 100.86
  • Zoning Description: RH
  • Monthly Gross Income: 17575
  • Year Taxes Payable: 25454
  • Special Features: None

Interior Features

  • Total Sq Ft: 28527
  • Total Finished Sq Ft: 28157
  • Above Grade Finished Sq Ft: 28157
  • Below Grade Sq Ft: 370
  • Price Per Sq Ft: 103.88
  • Basement: Yes
  • Basement Foundation: Slab, Partially Finished
  • Flooring: Carpet, Laminate, Part Carpet, Vinyl
  • Number Below Grade Bathrooms: 1
  • Total Below Grade Sq Ft: 370
  • Number Of Disposals: 16
  • Number Of Microwaves: 16
  • Number Of Ranges Ovens: 16
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Brick
  • Roof Material: Asphalt
  • Stories: 2
  • Outbuilding: Bath House
  • Outbuilding Sq Ft: 310

Garage/Parking

  • Number Of Parking Spaces: 16
  • Parking: Garage, Off Street, Paved

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Water Company: Bloomington City Utility
  • Cable Company: Comcast, AT&T
  • Annual Electric: 624
  • Annual Trash Expense: 2026
  • Annual Water Sewer Expense: 9518
  • Number Electric Meters: 16
  • Number Of W D Hookups: 16
  • Number Water Meters: 1

Schools

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

Lot Info

  • Lot Description: Corner, Level
  • Lot Dimensions: ~165x255
  • Estimated Lot Sq Ft: 32234
  • Estimated Lot Size Acres: 0.74

Rental Info

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

Multi Family

  • Gross Monthly Rent: 17575
  • Number Of Dishwashers: 16
  • Number Of Dryers: 100
  • Number Of Refrigerators: 16
  • Number Of Units: 16
  • Number Of Washers: 100
  • Num Of1 Bedrooms: 4
  • Num Of2 Bedrooms: 8
  • Number Of 3 Bedrooms: 4
  • Num Of Units Rented: 16

Tax Info

  • Annual Property Tax: 25590

MLS Schools

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

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
11/04/2022 11/04/22 Sold $2,925,000 +0.9% $104 / Sq Ft
09/23/2022 09/23/22 For Sale $2,900,000 -- $103 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Avery Thatcher

    Seller's Agent in 2022

    Avery Thatcher

    Thatcher Real Estate

    (812) 219-8960

    32 Total Sales

    Avery Thatcher
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Map

Source: Indiana Regional MLS

MLS Number: 202239833

Indiana Regional MLS

Indiana Monroe County Bloomington 47401

2511 E 2nd St Unit 1-16, Bloomington, IN

Homes for Sale in Bloomington, IN

This home is located at 2511 E 2nd St Unit 1-16, Bloomington, IN 47401 since 23 September 2022. This property was built in 1967. 2511 E 2nd St Unit 1-16 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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