

Listed by Brawley Real Estate
$1,099,000
425 N Walnut St
Details
APN 53-05-33-300-058.000-005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,356
Units 4
Year Built 1969
Stories 2
Acreage 0.100
Multifamily | 4 Units
Marketing description
This exceptional multi-unit property offers an ideal investment in the thriving Bloomington rental market. Located in a prime area near downtown and Indiana University, 425 N Walnut Street consists of 4 units, combining for a total of 7 bedrooms, 4 bathrooms, and a bonus commercial space. The property is fully leased through July 2026, providing stable cashflow with current rental income of $8,500 per month through July 2025, increasing to $8,900 per month for the following lease term (August 2025 - July 2026). With a strong rental demand driven by proximity to IU and Bloomington's downtown, this property is positioned to deliver long-term value appreciation and consistent returns. Investors will benefit from both the immediate rental income and future growth potential.
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Listed by Brawley Real Estate
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