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.
Active
Price cut: $26K (11/21)
$1,099,000
425 N Walnut St, Bloomington, IN 47404
7beds
3,614sqft
Est.:
Multi Family
Built in 1969
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 426 days |
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