600 2nd St E, Bloomington, IN 47401

Prime location south of campus with tremendous upside potential! You can`t get much closer to campus than this 3-unit dwelling at the corner of Henderson and Second Streets. Rents are based on current leases. As is often the case with a stable rental history and low tenant turnover, units are under-rented. Responsibility for payment of utilities is more complex than it needs to be. Tenants pay electricity, except for common area lights. Landlord pays gas, sewer and water. Installation of separate meters, and tenant responsibility for utilities, would eliminate the confusion and substanially increase landlord`s bottom line. As an alternative, new owner may want to consider converting the dwelling to one unit with 4 or 5 bedrooms, again with tenants responsible for all utilities. Listing price includes adjacent 3500 SF lot to the south (PID# 015-17235-00) also zoned RM7, which fronts on both Henderson St. and the alley, and provides far more than adequate off-street parking for residents