315 W 17TH ST

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315 W 17TH ST

BLOOMINGTON, IN 47404-3586
Asking Price
$550K
Asset Type
Student Housing Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Three-unit multifamily property located in Bloomington, Indiana.
  • The site is positioned near the Indiana University campus.
  • Features include frontage along 17th Street for high visibility.
  • Dedicated parking is included on the premises for tenants.
  • Priced at 549900 dollars for the three-unit investment asset.

What's Special

Investors targeting the student housing sector will find this three-unit multifamily asset situated on 17th Street in Bloomington, Indiana. The property provides direct proximity to the Indiana University campus, positioning it well for consistent demand from the local academic population. The site maintains frontage along 17th Street and includes dedicated parking, essential features for residential tenants in this collegiate submarket. Bloomington serves as a regional educational hub, supported by a stable economy centered around university operations and related professional services. Given its current configuration and location, this asset represents a functional addition to a rental portfolio focused on student-centric housing. The layout supports efficient property management and serves the specific needs of students requiring convenient access to campus facilities and local transit routes. This multifamily offering provides a clear investment pathway within a resilient university-anchored rental market.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,720.605
Annual Cash Flow
$47,352.738

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