1308 Atwater Ave Bloomington, IN 47401
- Dormitories
- 3,000 SF
Current Use by Public Records
- Dormitories
Property Details for 1308 Atwater Ave
- Property size
- 3,000 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional two-unit student housing property, located at 1308 Atwater Ave, Bloomington, IN 47401, presents a compelling investment opportunity. The property boasts a total of 3,000 square feet across a two-story building, offering eight bedrooms and four bathrooms distributed evenly between the two units. Each unit includes convenient off-street parking. Currently fully leased, generating a monthly income of $7,575, this figure is projected to increase to $8,100 per month in August 2025, ensuring a strong and consistent cash flow. The property's prime location near Indiana University guarantees high tenant demand and low vacancy rates. The asking price is $999,900, representing $499,950 per unit. The property's Net Operating Income (NOI) is $65,373. The occupancy date for the next lease cycle is July 1, 2026. This turnkey investment is ideal for those seeking a stable, high-yield return in a thriving college town market. The property's strong performance and location make it a truly exceptional opportunity.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Longitude
- -86.517135697946
- Latitude
- 39.163093241386
