1800 & 1805-1820 S. Huntington Gardens, BLOOMINGTON, IN 47401
Commercial property for sale
Description
Exceptionally well-built and maintained 4 plex with 8 apartments per building and a freestanding 2 bedroom bungalow. Nearly 24,000 total finished square feet in 33 units on more than 2 Acres built in 1995. All apartments are 1 bedroom units. Some units are accessible. Flexible and creative purchasing options available: property sold in part or whole. Huntington Gardens is currently rented as Affordable Housing. The tax credits for the buildings located at 1810, 1815 and 1820 have expired, and can be rented at market rates as the current tenants vacate. Effective 2013, all current leases in the original three buildings will have expired, and those apartments can be rented at market rate. The fourth building (1805) must be maintained as Affordable Housing through July 19th, 2015. The Two Bedroom Bungalow is currently rented at market rate. Building price details: $1,815,000.
Property Details
- Type: Multifamily
- Status: Available
- Year Built: 1995
- Buildings: 1