1201 W Allen Street Bloomington, IN 47403

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Apartment Complex • 40Y Old

$3,995,000

1201 W Allen Street

40 Bedrooms
40 Bathrooms
23310 sqft
2.66 Acres
Property Description

Welcome to Hilltop Village, a charming 40-unit apartment complex nestled on 2.66 acres in an attractive location! This exceptional property comprises nine separate ranch-style buildings, providing 39 one-bedroom units, all remodeled within the past two years, offering modern comforts and style. The remaining unit has two separate entrances and serves as an office on one side, while the other side has been transformed into a common area laundry facility for the tenant's convenience. The office has the potential to be easily converted into an efficiency unit, further expanding the income-generating possibilities for the new owner. In an area with high rental demand, this complex offers a serene and convenient housing option that has proven itself when it comes to attracting renters. Seven of nine roofs have been replaced, breaker boxes upgraded along with telecom wiring, all units have been renovated similarly in finishes and all are similar in layout (open concept)/size.

Directions

1/10 mile West of the intersection of West Allen Street and South Patterson Drive, on the South side of the street.

Map to 1201 W Allen Street, Bloomington, IN 47403

Property
MLS # 202511570
Date Listed 2025-04-06
Status Active
Property Type Investment
Property SubType Apartment Complex
Square Feet 23310 sqft
New Construction No
Style Other
Type Apartment Complex
Bedrooms 40
Bathrooms 40
Annual Taxes $14,350.00
Year Taxes Payable 2025
Year Built 1985
Virtual Tour propertypanorama.com »
Days on Market 6
Room Dimensions
5th Bedroom 40 × 40 Level
Recreation Room 40 × 40 Level
Loft 40 × 3 Level
Extra Room 3 × 3 Level
Bathroom Locations
Full Baths 40 Main
External Features
Construction Apartment Complex
Lot Size 115,870 sq ft
Acreage 2.66 Acres
Lot Dimensions 460x260
Fence None
Location
Area Monroe County
County Monroe
Subdivision None
Township Perry
City Bloomington
State IN
Zip 47403
Schools
School District Monroe County Community School Corp.
Elementary Templeton
Middle School Jackson Creek
High School Bloomington South
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202511570
Listing Provided Courtesy of Audra Cannon
CRM Properties, Inc
Cell: 765-431-9111

Listing updated April 6, 2025 at 7:00 pm
Last checked 14 minutes ago

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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