406 E 11th St, Bloomington, IN 47408

Rare opportunity! Extremely well-built, low-maintenance brick& stone 23-unit apartment building less than 5 blocks from campus! Superb location, more than ample off-street parking, excellent rental history, very good conditionuin short, everything investors look for in multi-family residential property! Pick up the phone and call your favorite Realtor now! Agent Notes: Gross Rent above is actual calendar 2004 gross. There is great potential for increased income here. All 23 units are identical, except that end units opposite stairs each have an extra closet off living room. Unit rents range from $275-350 per month. The more recently a unit has been leased, the more likely the rent is to be toward the upper end of the range. At least 9 of the current tenants have occupied their apartments for more than one year, resulting in lackluster rents. Please note that this is an estate property, and as of this writing, 3 of 23 units remain to be leased for 2004/2005. Please also note that adjace