1305 S Park Avenue, Bloomington, IN 47401

$345,500 Asking Price

3 beds
2 baths
1,828  sqft
Built in 1985

The 2024 appraised value was $410k! Instant equity! This spacious and versatile property, located just 1 mile south of Indiana University, offers an ideal investment opportunity with immediate income potential. Currently rented, this home is perfectly situated for student, professional or generational living. Featuring a unique layout, the property provides the option for one tenant or owner to enjoy their own private upstairs floor, complete with a full kitchen, while two other tenants/owners can share the main floor, which includes a kitchenette. The convenience of having separate living spaces under one roof is further enhanced by the large outdoor living space. Laundry room located on the main level. New as of 2019: entire roof system (shingles, framing, trusses, gutters with leaf guards), drywall, insulation, 2nd floor windows, kitchen cabinetry, flooring, appliances, bathroom, etc. With its proximity to the university and flexible living arrangement, this property is a rare find that promises both comfort and profitability.

Features & Amenities

Interior

Basement:
Slab
A/C:
Central Air
Heating:
Gas,Forced Air
Fireplace:
None

Exterior

General:
Vinyl

Construction

Roofing:
Shingle
General:
Two Story, Slab

Location

HOA Amenities:
Not Applicable
School District:
Monroe County Community School Corp.

Lot

Zoning:
015-64850-00 EDGEMONT PARK LOT 113, 53-08-04-403-039.000-009
Fencing:
None

Utilities

Water:
City

This listing courtesy of:
Century 21 Scheetz - Bloomington, Rebekah Sims

About Bloomington, IN

Housing

Number of Units
59,766
Median Home Value
$209,648
Median Rent
$862

47.68% of housing units are renter occupied.

8.21% are vacant.

Commute

Car
64.81%
Public Transportation
2.43%
Walk to Work
5.15%
Work from Home
25.81%
Other
0.38%

The median travel time to work is 15 minutes.

People

Population
131,573
Median Age
33.90
Median Household Size
2.47

Education

High School
22.12%
Associate’s Degree
7.30%
Bachelor’s Degree
24.80%
Graduate Degree
22.32%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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