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1136 W 17Th St Bloomington, IN 47404

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20-unit townhome community near Indiana University with recent upgrades.

Property Features for 1136 W 17Th St

General Information

Standard status
Active

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Listing Contact
Aaron Kuroiwa
Aaron Kuroiwa
Source: Crexi

Listing Agency: Marcus & Millichap - Indianapolis Listing Agent: Aaron Kuroiwa

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Overview

Stapleton Townhomes: 20-Unit Community

Stapleton Townhomes, located at 1136 W 17th Street in Bloomington, Indiana, is a 20-unit, 65-bed townhome community. Its location provides residents with access to Indiana University’s academic, athletic, and entertainment areas. During the winter, the property's proximity to Memorial Stadium, a stop for all IU bus routes, offers convenient access for students commuting to class. Significant capital improvements totaling approximately $38,400 per unit have been made to the property. Interior upgrades accounted for $35,000 of the investment per unit, delivering updated interiors, modernized finishes, and enhanced appeal. An additional $106,000 was allocated to a property sign, patio reconstruction, HVACs, parking lot resealing and restriping, security cameras, tree trimming, and exterior paint. These improvements are intended to reduce near-term capital risk while supporting continued rental growth and long-term competitiveness. The property offers an opportunity to acquire renovated, walkable student housing.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Bloomington
County
Monroe
State
Indiana
Longitude
-86.54693
Latitude
39.180317

FAQs

What type of property is this?
Apartment building - 20-unit townhome community near Indiana University with recent upgrades.
Where is this apartment building located?
The property is located at 1136 W 17Th St Bloomington, IN.
What are key features of this property?
This property features: - Significant capital improvements of $38,400 per unit, including **$35,000 in interior upgrades, reducing near-term capital risk.**; - **Prime location with immediate access to Indiana University's academic, athletic, and entertainment areas.**; - Stabilized operations and renovated units offering modernized finishes and enhanced appeal.
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