About 314 N Washington Street
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.
Features of 314 N Washington Street
| MLS® # | 202626061 |
|---|---|
| Price | $4,000,000 |
| Bedrooms | 13 |
| Bathrooms | 18.00 |
| Full Baths | 12 |
| Half Baths | 6 |
| Square Footage | 10,560 |
| Acres | 0.20 |
| Year Built | 1997 |
| Type | Multifamily |
| Sub-Type | Sixplex |
| Style | Condo/Co-op Attached |
| Status | Active |
Community Information
| Address | 314 N Washington Street |
|---|---|
| Subdivision | None |
| City | Bloomington |
| County | Monroe County |
| State | IN |
| Zip Code | 47404 |
Amenities
| Amenities | Sidewalks |
|---|---|
| Features | Off Street Parking, Cable Ready, Ceiling-9+, Closet(s) Walk-in, Countertops-Laminate, Detector-Smoke, Fire Sprinkler System, Kitchen Island, Landscaped, Open Floor Plan, Water Heater Gas |
| Parking Spaces | 18 |
| Parking | Garage, Off Street, Paved |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Laminate |
|---|---|
| Heating | Gas, Conventional, Heat Pump |
| Cooling | Central Air |
| # of Stories | 2 |
| Stories | Condo |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Brick |
|---|---|
| Lot Description | Level |
| Roof | Shingle |
| Construction | No |
School Information
| District | Monroe County Community School Corp. |
|---|---|
| Elementary | Fairview |
| Middle | Tri-North |
| High | Bloomington North |
Additional Information
| Days on Market | 71 |
|---|---|
| Zoning | Unknown |
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Kerry Feigenbaum |
|---|---|
| Office | FC Tucker/Bloomington REALTORS |
| Contact Info | kerry.feigenbaum@homefinder.org |