408 Cottage Grove Ave Bloomington, IN 47408

This exceptional investment opportunity presents a single-family home currently configured as a five-bedroom student rental property located at 408 E Cottage Grove Ave, Bloomington, Indiana, 47408. The property is situated in a highly desirable area, a short walk from Indiana University's campus and Kirkwood Avenue, ensuring consistent high occupancy rates. Priced at $699,000, this multifamily property boasts one unit with five bedrooms across one building. Currently leased through July 2026, the property generates a monthly rental income of $4,950, increasing to $5,175 per month in August 2025. The property features spacious bedrooms and a welcoming front porch. This turnkey investment offers a strong return on investment due to its prime location and secured lease agreement, making it an attractive option for discerning investors seeking a stable and profitable rental property within the thriving Bloomington student housing market. The property is easily accessible, with convenient proximity to campus and local amenities. This is a rare opportunity to acquire a well-maintained, high-demand student rental property in a prime Bloomington location.