Listing courtesy of CRM Properties, Inc · Listing agent: Audra Cannon · Cell: 765-431-9111
1201 W Allen Street
$3,995,000
$171.39 / sq ft
Bloomington, IN 47403
- 2.7 acres
- Bedrooms
- 40
- Bathrooms
- 40
- Living area
- 23,310 sq ft
- Lot
- 2.66 ac
- Year built
- 1985
- Type
- Multi Family
- Listed
- April 6, 2025
- MLS #
- 202511570
About this home
Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.
Property details
Interior
- Stories
- 1
- Total area
- 23,310 sq ft
- Finished area above grade
- 23,310 sq ft
- Bedrooms above grade
- 40
- Basement
- Slab
- Flooring
- Vinyl
- Heating
- Electric, Baseboard, Wall Heater
- Cooling
- Wall Unit(s)
- Amenities
- Cable Available, Landscaped, Open Floor Plan, Patio Open, Water Heater Electric
Exterior & parking
- Construction
- Stone
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- 0-2.9999
- Lot size (acres)
- 2.66 ac
- Lot dimensions
- 460x260
- County
- Monroe County
- Township
- Perry
- Platted
- Yes
- Planned unit development
- No
- Directions
- 1/10 mile West of the intersection of West Allen Street and South Patterson Drive, on the South side of the street.
Schools
- Elementary school
- Templeton
- Middle school
- Jackson Creek
- High school
- Bloomington South
- School district
- Monroe County Community School Corp.
Taxes & terms
- Annual taxes
- $40,922
- Tax year
- 2025
- Listing terms
- Cash, Conventional
- Possession
- Tenants Rights
- Parcel number
- 53-08-05-300-004.000-009
Included in the sale
- Included in sale
- Building,Land,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 40
- Buildings
- 9
- Annual gross rent
- $390,168
- Net operating income
- $316,949
- Lease term
- 12 Months
- Parking spaces
- 40
- Pets allowed
- Yes
- Tenant pays
- Electricity
- Insurance (annual)
- $14,350
- Water & sewer (annual)
- $12,000
- Electric (annual)
- $2,750
- Fuel (annual)
- $438
- Trash (annual)
- $2,759
Units
| Unit | Count | Beds | Baths | Rent | Garage |
|---|---|---|---|---|---|
| — | — | 1 | 1 | — | — |
Location
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