4422 N CYPRESS LN Bloomington IN 47404-8503

Marcus & Millichap is pleased to present Cedar Bluff Apartments, a 16 unit new construction multifamily property in Bloomington and Ellettsville, Indiana. The property is well situated off State Road 46 and is less than five minutes from the interchange with the newly completed Interstate 69, providing quick access to Bloomington and Indianapolis. The apartments have had excellent occupancy since their delivery and are currently 100% occupied.

Cedar Bluffs Apartments are a premier asset with best in class construction. Only the highest quality materials and construction practices were used to ensure an efficient community with minimal maintenance. The building was constructed with James Hardie Fiber Cement siding, 30 year dimensional shingles, spray foam insulation in walls & flooring systems, LED fixtures, R 50 attic insulation, Bryant HVAC, copper wiring, Pex plumbing, and a complete sprinkler system. There are sixteen 2 bed/1 bath units with hardwood flooring, beautiful kitchens, stainless appliances, walk in closets, and in unit washers & dryers.

The Cedar Bluff Apartments present the prospective investor the opportunity to utilize a tried and true investment strategy: provide more affordable luxury living in exchange for a slightly longer commute. This gives a new owner the opportunity to acquire a new construction asset with value add opportunity. This is a rare combination in today’s dynamic real estate market.