2106 E 2nd St, Bloomington, IN 47401

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Building Details:

• Year Built: 1964

This 15 unit apartment building has a solid leasing history! 100% leased through August 2017, and is 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 College 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 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 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). MLS#30041653.