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Tim Haber

tim@teamhaber.com +1(260) 403-1940

Listed by Stafford Real Estate

$ 799,000

Est. payment | -/mo

6 Baths

1.07 Acres Lot

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$ 799,000

Est. payment | -/mo

Save Virtual Tour

6 Baths

1.07 Acres Lot

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Maple Grove Baby Farms

MLS Listing ID IRM202625540

HOA Y/N No

Year Built 1966

Annual Tax Amount $11,134

Tax Year 2026

Lot Size 1.070 Acres

Acres 1.07

Lot Dimensions 200' x 232'

Property Sub-Type Other

Property Description

Investment opportunity on Bloomington's west side! Situated on 1.07 acres at the end of a dead-end street, this property consists of three duplex buildings offering a total of six 3-bedroom, 1-bath units, each with a one-car carport. Four units are currently vacant, providing an excellent opportunity for an investor to lease at current market rents, while two units are occupied with month-to-month tenants. There may be potential for an additional buildable lot, possibly allowing for one more dwelling unit, adding even more value and future income potential. Buyer to verify the potential for additional development, and all zoning and building requirements. Conveniently located just off West 3rd Street near I-69, this property offers easy access to west side shopping, restaurants, major employers, and Indiana University. The combination of immediate upside potential, strong rental demand, a potential additional building site, and a desirable location makes this a rare opportunity for investors seeking value-add potential. If all six units are leased at current market rental rates, the projected gross annual income is estimated to be between $90,000 and $93,600. Please review the photos for additional views of the buildings, grounds, and interior of the units.

Location

State IN

County Monroe County

Rooms

Basement Slab

Interior

Heating Gas, Forced Air

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features Asphalt, Off Street, Paved, Other

View Y/N true

Total Parking Spaces 10

Building

Sewer Public Sewer

Water City

New Construction No

Others

Pets Allowed No

Tax ID 53-05-31-301-191.000-005

Acceptable Financing IRM202625540

Listing Terms IRM202625540

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202625540

Nearby Locations

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Tim Haber

Broker-Associate Lic# RB14046378

tim@teamhaber.com

+1(260) 403-1940

8101 Coldwater Rd, Fort Wayne, IN 46825

100-106 S Yancy LN Bloomington, IN 47404

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

100-106 S Yancy LN