Listing ID201908018
Price$1,390,000
StatusActive
Bedrooms29
Total Baths26
Full Baths16
Partial Baths10
SqFt 16,104
Acres 0.040
CountyMonroe County
SubdivisionNone
Year Built1950
Property TypeMultifamily
Property Sub TypeApartment Building
Cedar Grove is a 29 bed portfolio property that consists of one 5 bedroom house which is zoned commercial with the ability to convert to commercial for next rental cycle, four 3 bedroom townhouse, and six 2 bedroom townhouse units. The current gross monthly rent is $11,335 Located at 716-736 W. 17th this property has had several major upgrades completed over the last several years including new roof, HVAC, carpet, flooring and paint. Just off the 17th St. corridor, which is a city of Bloomington Phase II project that will link 17th st. to downtown in terms of walkability, this property has been meticulously maintained over the last nine years of our clients' ownership. The area around Cedar Grove continues to be positively impacted by the multi million dollar Certified Technology Park that will encompass 65 acres and many new buildings to house technology offices as well as residential units, commercial spaces, structured parking decks and significant street/infrastructure improvements. Capital expenditures in 2013-2017 highlight new roof installations on the two buildings and the house as well as painting and flooring upgrades. Updated P&L, rent roll and capital expenditure financial sheet for quantification and evaluation will be sent with a signed NDA.
Listing courtesy of Matt Carter from Mackie Properties.
© 2019 Indiana Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and 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. Listing information last updated: Friday, July 19th, 2019 - 04:13:52 AM.

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