Listed with Jeff Brawley, Brawley Real Estate, Office: 812-336-6888

Price $1,250,000
Status Active
Beds 7
Baths 4 Baths
Home size 3,614 sqft
Lot Size 4,356 sqft
Days on Market 43
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.
Property Type(s): Multi Family
Last Updated 10/9/2024 Tract Northeast Bloomington City
Year Built 1969 County Monroe

SCHOOLS

School District Monroe County Community School C
Elementary School University
Jr. High School Tri-North
High School Bloomington North

Additional Details

AIR Central Air
AIR CONDITIONING Yes
BASEMENT Crawl Space, Partial, Yes
CONSTRUCTION Vinyl Siding
HEAT Forced Air
INTERIOR Eat-In Kitchen
LOT 4356 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS irregular
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION Northeast Bloomington City
TAXES 21906.6
WATER Public
Listed with Jeff Brawley, Brawley Real Estate, Office: 812-336-6888
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Indiana Regional MLS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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Last Updated On: 11/21/24 1:53 AM PST
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This IDX solution is (c) Diverse Solutions 2024.

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