408 Cottage Grove AveBloomington, IN 47408
- Hospitality properties
Property Details for 408 Cottage Grove Ave
- Property type
- Hospitality properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a single-family home currently configured as a five-bedroom student rental property located at 408 E Cottage Grove Ave, Bloomington, Indiana, 47408. The property is situated in a highly desirable area, a short walk from Indiana University's campus and Kirkwood Avenue, ensuring consistent high occupancy rates. Priced at $699,000, this multifamily property boasts one unit with five bedrooms across one building. Currently leased through July 2026, the property generates a monthly rental income of $4,950, increasing to $5,175 per month in August 2025. The property features spacious bedrooms and a welcoming front porch. This turnkey investment offers a strong return on investment due to its prime location and secured lease agreement, making it an attractive option for discerning investors seeking a stable and profitable rental property within the thriving Bloomington student housing market. The property is easily accessible, with convenient proximity to campus and local amenities. This is a rare opportunity to acquire a well-maintained, high-demand student rental property in a prime Bloomington location.
Location Insight
- City
- Bloomington
- County
- Monroe
- State
- Indiana
- Latitude
- 39.1725
- Longitude
- -86.5291
Comparable in this City
Similar Nearby for Sale
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