Property profile

311-321 S Muller Pkwy Bloomington, IN 47403

FOR SALE
Residential income homes
Property ID
US31-0954569
2,624 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a three-unit multifamily property located at 311 S Muller Pkwy, Bloomington, IN 47403. The portfolio comprises three single-family homes totaling 2,624 square feet, situated on a convenient west-side location with easy access to I-69. The property offers a compelling price point of $495,000, translating to $188.64 per square foot and $165,000 per unit. Each unit is currently leased, generating strong rental income. One unit, located at 311 S Muller Pkwy, is a four-bedroom, two-bathroom home with a basement, commanding a monthly rent of $2,850. The remaining two units, situated at 317 and 321 S Muller Pkwy, are each two-bedroom, one-bathroom homes, each leased for $1,350 per month. Ample tenant parking is available, with eight spots provided. This turnkey investment is ideal for those seeking a stable, high-yield rental portfolio in a desirable Bloomington location. The property is a one-story building, offering ease of maintenance and management. This is a net lease investment, providing a straightforward and potentially lucrative opportunity. The property's strong rental income and prime location make it a highly attractive investment prospect.

Property profile

Verified
Property type Residential income homes
Total area 2,624 SF
UPID US31-0954569

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

311-321 S Muller Pkwy Bloomington, IN 47403
Bloomington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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