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1201 W Allen Street

Bloomington, IN 47403
  • $3,995,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 202511570
$3,995,000
  • 40
    BEDS
  • 2.66
    ACRES
  • 40
    BATHS
  • 0
    1/2 BATHS
  • 23,310
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.

Description

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-05-16T00:28:07.387.

www.felecialivingstonrealestate.com/homes/162296583
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1201 W Allen Street Bloomington, IN 47403

  • Price: $3,995,000
  • Status: Active
  • On Site: 39 Days
  • MLS #: 202511570
40
Beds
40
Baths
0
½ Baths
2.66
Acres
23,310
SQFT
$171
$/SQFT
1985
Built
Neighborhood:
None
County:
Monroe
Area:
Monroe
Elementary School:
Templeton
Middle School:
Jackson Creek
High School:
Bloomington South
School District:
Monroe County Community School C
Property Description
Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.
Exterior Features

Exterior Stone Lot Description 0-2.9999 Lot Dimensions 460x260 Outbuilding None Parking Spaces 40 Pool YN No Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 40 Above Grade Finished Sqft 23310 Above Grade Unfin Sq Ft 0 Amenities Cable AvailableLandscapedOpen Floor PlanPatio OpenWater Heater ElectricOther-See Remarks Basement Foundation Slab Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Wall AC Dishwashers 40 Disposals 40 Dryers 3 Flooring Vinyl Heating Fuel ElectricityBaseboardWall Heater Microwaves 40 Ranges Ovens 40 Refrigerators 40 Rooms Below Grade 0 Total Baths 40 Total Below Grade Sqft 0 Total Sq Ft 23310 Unit1 Basement YN No Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit1 Sq Ft 576 Wash Dry Hookups 3 Washers 3

Property Features

Annual Electric Expense 2750 Annual Fuel Expense 438 Annual Gross Rent 390168 Annual Insurance Expense 14350 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 316949 Annual Property Tax 40922 Annual Trash Expense 2759 Annual Water Sewer Exp 12000 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 9 Efficiencies 1 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 32514 Gross Monthly Rent 32739 Lease Term 1 Year New Construction No One Bedrooms 39 Owner Pays Lawn MaintenanceSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Apartment Complex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Perry Two Bedrooms 0 Unit1- Garage Y / N No Units Rented 38 Water Utility City Year Taxes Payable 2025

Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2025-05-16T00:28:07.387.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Audra Cannon of CRM Properties, Inc: Cell: 765-431-9111.