19
See all 19 photos
$1,150,000
Est. payment /mo
7 BD
4 BA
3,614 SqFt
Price Dropped by $100K
425 N Walnut Street Bloomington, IN 47404-3895
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UPDATED:
12/04/2024 02:54 PM
Key Details
Property Type Single Family Home
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,614 sqft
Subdivision Northeast Bloomington City
MLS Listing ID 202439246
Style Two Story
Bedrooms 7
Full Baths 4
Abv Grd Liv Area 3,614
Total Fin. Sqft 3614
Year Built 1969
Annual Tax Amount $2,675
Tax Year 2024
Lot Size 4,356 Sqft
Property Description
This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cash flow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 - July 2026). With a strong rental demand driven by proximity to IU and Bloomington's downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.
Location
State IN
County Monroe County
Area Monroe County
Direction On N Walnut just before 9th Street
Rooms
Dining Room 0
Interior
Flooring Wood
Appliance Building
Laundry , 0
Exterior
Amenities Available Detector-Smoke, Eat-In Kitchen
Building
Lot Description Level
Story 2
Structure Type Vinyl
New Construction No
Schools
Elementary Schools University
Middle Schools Tri-North
High Schools Bloomington North
School District Monroe County Community School Corp.
IDX information provided by the Indiana Regional MLS
Listed by Jeff Brawley • Brawley Real Estate • Office: 812-336-6888
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