513 E 8th, Bloomington, IN 47408

This property was sold as part of a package with 614 E 2nd Street ($165,900), 606 S. Fess ( $183,820) and 612 S. Fess ($188,860). All properties are grossly under-rented. Permit is for 8 occupants. Comparable sales in this neighborhood show sales at price points equal to or greater than 12 times NOI. With some interior updating and the opportunity to negotiate market rents, the return on this property would greatly increase! Off-street parking accessed by alley behind property. Please note that landlord pays utilities including all gas, water, sewer, and common area electricity at an average cost of $70 monthly per unit.