Listed by Core 3 Property Management
$11,900,000
501 Lutz Road
Details
APN 2117451007
Property Type Multifamily
Sub Type Apartment Building, Multi Family 5+
Units 56
NOI $729,729
Year Built 2026
Stories 2
Acreage 3.800
Zoning MULTI
Multifamily | 56 Units
Marketing description
Introducing an exciting new multifamily community coming to Bloomington, new construction in 2026 - The Vista at Wittenberg, located at 501 Lutz Road. Thoughtfully planned, all development and site work has already been completed, providing a streamlined path to construction and delivery. This 56-unit development will offer a balanced mix of modern living spaces, including 16 spacious 1-bedroom units and 40 well-designed 2-bedroom units, ideal for residents seeking convenience, comfort, and style. Interior features of the units include LVT flooring, granite countertops and upscale appliances, along with a designated in-home office space. The Vista at Wittenberg development offers an attractive opportunity for future residents and multifamily investors alike. Disclaimer: All photos and floor plans are conceptual renderings. Actual building design, finishes, and layouts may differ.
Listing Contacts
Listed by Core 3 Property Management
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$729,729.00
$60,810.75/mo
Valuation Metrics
0
DSCR
6.13%
Cap Rate
6.13%
ROI
Map
Zoning
A AgricultureAgricultural
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View all 134 uses
View all 134 uses Last updated Mar 6, 2026 For deeper zoning details, reports are available at Zoneomics
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