326 Kenwood DrBloomington, IN 47404

Property Details for 326 Kenwood Dr

Year built

1971

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 12-unit apartment building, located at 326 W Kenwood Dr, Bloomington, IN 47404, presents a compelling investment opportunity. Built in 1971, this two-story Class B property boasts 100% occupancy, generating a strong monthly rental income of $11,565. Each of the twelve units includes one off-street parking space, totaling sixteen spaces. The building features convenient on-site laundry facilities. Situated near Indiana University's campus, this property benefits from its proximity to downtown Bloomington and the B-Line Trail, ensuring high demand and consistent rental income. The asking price is $1,569,370, translating to $130,780.83 per unit. While some units have undergone renovations, the year of renovation varies. This property offers a stable investment in a thriving location with excellent access to amenities and a strong tenant base. The property is for sale by owner and presents a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable Indiana market. This is a turnkey investment ready for immediate cash flow. The property is located in Monroe County.

Location Insight

City

Bloomington

County

Monroe

State

Indiana

Latitude

39.1785

Longitude

-86.5376

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