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Jim, Christy & Crystal Owen

jimo@c21bradley.com +1(260) 348-4500

Listed by Jim Stafford • Stafford Real Estate • Cell: 812-325-4453

$ 799,000

Est. payment | -/mo

1.07 Acres Lot

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$ 799,000

Est. payment | -/mo

Save Virtual Tour

1.07 Acres Lot

Key Details

Property Type Commercial

Sub Type Other/Unknown

Listing Status Active

Purchase Type For Sale

Subdivision Maple Grove Baby Farms

MLS Listing ID 202625540

Year Built 1966

Annual Tax Amount $11,134

Tax Year 2026

Lot Size 1.070 Acres

Property Sub-Type Other/Unknown

Property Description

Investment opportunity on Bloomington's west side! Situated on 1.07 acres at the end of a dead-end street, this property consists of three duplex buildings offering a total of six 3-bedroom, 1-bath units, each with a one-car carport. Four units are currently vacant, providing an excellent opportunity for an investor to lease at current market rents, while two units are occupied with month-to-month tenants. There may be potential for an additional buildable lot, possibly allowing for one more dwelling unit, adding even more value and future income potential. Buyer to verify the potential for additional development, and all zoning and building requirements. Conveniently located just off West 3rd Street near I-69, this property offers easy access to west side shopping, restaurants, major employers, and Indiana University. The combination of immediate upside potential, strong rental demand, a potential additional building site, and a desirable location makes this a rare opportunity for investors seeking value-add potential. If all six units are leased at current market rental rates, the projected gross annual income is estimated to be between $90,000 and $93,600. Please review the photos for additional views of the buildings, grounds, and interior of the units.

Location

State IN

County Monroe County

Area Monroe County

Direction Take west 3rd Street, right on Yancy Lane before I-69, the 3 Duplexes are at the end of the street.

Interior

Flooring Laminate, Tile

Appliance Building, Land, Lease

Laundry , 10

Exterior

Roof Type Shingle

Total Parking Spaces 10

Building

Story 1

New Construction No

Others

Financing Cash,Conventional

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Jim, Christy & Crystal Owen

Realtor® - Managing Broker Certified | Lic# RB-19000314,21000119,26000845

jimo@c21bradley.com

+1(260) 348-4500

2928 East Dupont Rd, Fort Wayne 46825

100-106 S Yancy Lane Bloomington, IN 47404

Jim, Christy & Crystal Owen

Key Details

Location

Interior

Exterior

Building

Others

100-106 S Yancy Lane