Home > Commercial > Indiana > Bloomington > 47404 > 211 N Kimble Dr

211 N Kimble Dr, Bloomington, IN 47404

Commercial property for sale

  • Description
  • Summit Realty Group has been retained as the exclusive investment advisor in the sale of Red Brick Apartments, a 36-unit property located in Bloomington, Indiana. Red Brick has been well-maintained and benefits from its proximity to Indiana University, employment, retail and State Road 37. Priced at $1,450,000 $40,278 per unit 36 units 8% cap rate on in-place NOI Built in 1970 A value-add opportunity lies in unit upgrades and through the bill-back of water, sewer and trash. Current rents and occupancy at Red Brick are below market. In addition, one acre is available immediately adjacent to the property which is zoned for multifamily and commercial use. The property is very well-located in Bloomington Indiana, a regional economic center anchored by Indiana University and home to a diverse business community that excels in medical devices, pharmaceuticals, technology, health care, and the arts. The property is located on West 3rd Street, just one quarter mile east of the 3rd Street / SR 37 interchange. The trade area includes Lowe
  • Property Details
  • Property Type: Multifamily
    Use Types: Low-Rise/Garden
    Status: Available
    Price: $ 40,278 +/Unit
    MSA: Bloomington
    Zoning: Commercial Arterial District
    Buildings: 1
    Terms: Cash to Seller
    Added: 01/06/2012
    Last Update: 02/10/2012
  • Contact info
  • 812-822-1123 [Office]
  • Note

  • Details Info about this row that located on 211 N Kimble Dr, Bloomington, IN 47404 was got from trusty sources, but All Foreclosures Homes can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

    If you see any error or mismatches on this page – click here.