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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Subdivision Driscoll
MLS Listing ID 202409773
Sold Date 04/25/24
Style Three Story
Bedrooms 4
Full Baths 4
Abv Grd Liv Area 2,880
Total Fin. Sqft 2880
Year Built 2013
Annual Tax Amount $1,677
Tax Year 2024
Lot Size 6,098 Sqft
Property Description
Superior condition apartment building, The Elmer on Hillside (named after original owner, Elmer Smallwood). This 4 unit building was completely rebuilt from the ground up in 2012, including the original front facade restored. From new foundation to the solar panels on the roof and everything in between, you'll love this ultra low maintenance investment opportunity (no grass to mow!). Each unit has the same layout (see floorplan in photos) and higher end finishes. One bedroom, one bath, washer/dryer in unit and plenty of closet space. The units are heated with two mini split systems each. Each unit has its own secure storage space in the walkout basement. Landlord pays water/sewer/trash (Approximately $1500/year) and internet ($2062/year). Sprinkler/fire alarm system is managed by Koorsen ($1200/year). Electric for the basement heat/AC/electric is covered by the solar panels. Each tenant pays their own electric. The owner is in the process of updating rents to $1200/month. Leases for 2024-2025 have been signed for Apartments 3 and 4 ($1150 and $1200). Active leasing is underway for Apartments 1 and 2. Owner manages property. Walk through video available on YouTube.
Location
State IN
County Monroe County
Area Monroe County
Direction Hillside, turn on Grant to access alley
Rooms
Dining Room 0 x 1200
Interior
Flooring Wood
Fireplaces Number 3
Appliance Building, Lease, Solar Panels - Owned
Laundry , 4
Exterior
Garage Spaces 1.0
Amenities Available Basement, Off Street Parking, Storage, Closet(s) Walk-in, Countertops-Solid Surf, Deck Covered, Deck Open, Open Floor Plan, Water Heater Electric
Total Parking Spaces 4
Building
Lot Description Slope
Story 3
Structure Type Ext. Insulated
New Construction No
Schools
Elementary Schools Templeton
Middle Schools Jackson Creek
High Schools Bloomington South
School District Monroe County Community School Corp.
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IDX information provided by the Indiana Regional MLS
Bought with Gretchen Nall • Bloomington Rentals and Realty
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Denise Jarboe
Broker Associate | License ID: RB20000819
Broker Associate License ID: RB20000819