New
For Sale
$340,000
1024 W Country Club Drive, Bloomington, IN 47403
Multifamily properties
Property Size3,552 SF
Price / SF$95.72
Days on Market6
Property Features for 1024 W Country Club Drive
General Information
Standard status
Active
Size
3,552 SF
Property subtype
Multi Family Home
Lease Term
Month To Month, 1 Year
Building Details
Building Size
3,552 SF
Year Built
1960
Buildings
3
Stories
1
Units
3
Listing Agency:
Realty Professionals
Listed By:
Brandy Holdeman · License #RB14044117
(812) 650-3600
Source:
Castleonerealty
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 8:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty Professionals
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,991
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,820
$579.8K
Cap Rate 7%
$414,157
$414.2K
Cap Rate 9%
$322,122
$322.1K
Market Conditions
NOI Build-Up for 3,552 SF
Gross rent
$55.8K $15.72/SF
− Vacancy
−$3.1K −$0.88/SF
EGI
$52.7K $14.84/SF
− OpEx
−$23.7K −$6.68/SF
NOI
$29.0K $8.16/SF
Area
Monroe County, IN
Vacancy
5.60%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,820
Cap Rate 7%
$414,157
Cap Rate 9%
$322,122
Alternative Uses
Best Use
Apartment 5plus
$414.2K
$362.4K – $483.2K
NOI $28,991 @ 7.0% cap · market cap 8.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.2K
$607.4K – $809.9K
NOI $48,593 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 47403, IN
33,066
Population
16,271
Households
2
Avg Household Size
35
Median Age
39%
College-Educated
93%
High-School Grad
85.0 sq mi
ZIP Area
389
Density / Sq Mi
$68,703
Median Household Income
$40,391
Median Earnings
$1,114
Median Rent
$222,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
Where is this multifamily property located?
The property is located at 1024 W Country Club Drive Bloomington, IN.
What is the asking price?
The asking price for this property is $340,000.
