Different opportunities come with this budget-friendly property on Bloomington’s near southeast side. Tucked just off Hillside and adjacent to Bryan Park area, the location offers easy access to campus, downtown and east-side shopping and amenities. For the frugal owner-occupant, this is a habitable fixer-upper—a chance to live simply and affordably… Read More while making improvements over time and building equity. For an investor, it could be an approachable first rental property or an affordable addition to an existing portfolio. The home has a HAND rental permit for 3 unrelated adults that expires 8/18/2028 and was recently occupied by a long-term tenant, with rent that had not been increased to current market levels. We’re calling this a one-bedroom home (though HAND permit calls it a 2 bedroom). There is an additional room with a closet and window that could offer flexible sleeping, office or hobby space; just note that the ceiling height is quite low in that potential second bedroom. Recent improvements include a one-year-old water heater and replaced plumbing throughout. The property may also offer potential as a future building site for someone with a different vision. Access is via an easement. A simple cottage for a simple lifestyle, a project where sweat equity can pay off, or an affordable entrance into diversifying your portfolio with your first—or fifth—rental property in a desirable Bloomington location. Read Less
Courtesy of Deborah Tomaro, Deb Tomaro Real Estate [email protected]
Listing Snapshot
Days Online
37
Property Type
Site-Built Home
Beds
1
Full Baths
1
Square Ft.
800
Lot Size
0.27 Acres
Year Built
1950
MLS Number
202641532
Additional Details
Basement
Crawl
Building
Built in 1950, Living area: 800, Construction Materials: Aluminum
Cooling
Central Air
Heating
Gas
Home Owner's Association
Fee Frequency: Not Applicable
Laundry
Main
Lot
0.27 acres, Level
Sewer
Public
Taxes
Parcel Number: 53-08-09-104-169.000-009
Utilities
Water Source: City
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