Under Contract

Listed by ANDY WALKER from RE/MAX Acclaimed Properties

Source: Indiana Regional MLS #202618079

331 South Grant Street, Bloomington, IN, 47401

$659,900

4
6
6
3961 sq. ft.
9727 sq. ft.

MultiFam

•

30+ days on the market

What's around 331 South Grant Street

About this property

Located in an Opportunity Zone with potential for significant tax advantages, this 6-unit apartment building offers exceptional investment potential in an A+ location just steps from Bloomington’s thriving downtown and Indiana University. Zoned High Density Multi-Family, the property presents exciting redevelopment possibilities, with current occupancy allowances of up to 5 people per unit creating the potential for a very dense future project (buyer to verify redevelopment options). The property also performs well in its current configuration, with solid rental history and total monthly rents of $4,650. A spacious 2-car garage provides additional storage or potential added utility. Whether you’re looking for an income-producing asset now or a prime redevelopment opportunity for the future, this is a rare chance to invest in one of Bloomington’s most desirable locations. Property is being sold "AS IS".

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