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Tim Haber

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

Listed by FC Tucker/Bloomington REALTORS

$ 4,000,000

Est. payment | -/mo

15 Baths

8,712 Sqft Lot

Save Virtual Tour

$ 4,000,000

Est. payment | -/mo

Save Virtual Tour

15 Baths

8,712 Sqft Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID IRM202626116

HOA Y/N No

Year Built 1997

Annual Tax Amount $21,024

Tax Year 2026

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions Irregular

Property Sub-Type Mixed Use

Property Description

Excellent opportunity to purchase a 6 unit building in the heart of Bloomington's downtown and IU campus. The Gables was originally built as 6 individual condominium units but has been rented to date as student apartment rentals. With the high demand for downtown condo living, this is an investor's dream. All 6 units are rented for the 26-27 school year, so buyer can take the next 12 months to plan renovations for high-end condominiums sales while earning income. Each 2-story townhouse has generously sized rooms, with a dedicated bath for each bedroom, an additional half bath on the main floor for guests, loads of storage, and 3 parking spots in the garage. With high end finishes, comparable (but hard to find) condominium units are running in the $600/SF price range in downtown Bloomington. Please allow 48 hours for all showing requests to allow for tenant notice.

Location

State IN

Rooms

Basement Other

Interior

Heating Forced Air

Inclusions Building

Fireplace N

Exterior

Parking Features Garage, Off Street

View Y/N true

Total Parking Spaces 18

Building

Sewer Public Sewer

Water City, Public

New Construction No

Others

Pets Allowed No

Tax ID 53-05-33-310-198.000-005

Acceptable Financing IRM202626116

Listing Terms IRM202626116

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202626116

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

314 N Washington ST Bloomington, IN 47408-3560

Tim Haber

Key Details

Location

Rooms

Interior

Exterior

Building

Others

314 N Washington ST