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$674,000
6 Beds 6 Baths 202343620 MLS
$6230 is the expected monthly rental income once the final rent increases are in place (August/September). Super low maintenance with excellent income. This property was taken down to the studs within the past ten years and completely updated with new electric, plumbing, windows, roof, doors, HVAC, sewer line, flooring. Dry basement with drainage work completed, new gutters, buried downspouts. Maintenance calls are almost non-existent. No carpeting makes for easy turnovers (not that there are many turnovers). Lots of nice touches like intercom for second floor units to avoid running up and down stairs to answer the door and motion sensor lights. All the current tenants are in the HCV or HUD-VASH (for Veterans) programs. Rents are guaranteed and direct deposited to landlord. Landlord pays electric, water/sewer and trash. Shared heat pump HVAC have their own zone controls. Efficient heat pump water heater with storage tank provides plenty of hot water. Utilities average $100-$125 per unit per month. Coin operated laundry is on site (included in the sale). HAND permit expires April 2028. Situated on 3 city lots (development potential?) on the edge of McDoel Gardens (not included in the historic district restrictions) and just a few blocks from the new Hopewell Development that is rejuvenating the old Hospital site to create a new core neighborhood with parks, plazas and mixed use space. **Numbers in listing are based on rent increases that will be realized in 2024.**

522 W Davis St, Bloomington

$250,000
6 Beds 2 Baths 202542564 MLS
Building Size: ±3,276 SF Zoning: R3 – Residential Small Lot Located just minutes from downtown Bloomington and within walking distance to the city’s new Trades District, this property offers a rare opportunity for investors or developers seeking a prime redevelopment or income-producing project. The building features a flexible, multi-level layout: First Floor: 2 bedrooms – ideal for a private residence or rental unit Second Floor: 4 bedrooms – excellent for multi-tenant occupancy or conversion potential Third Floor: Space for up to 2 additional bedrooms, creating value-add opportunity through renovation or expansion Includes a fire staircase for convenient and compliant multi-floor access With its R3 zoning, the property allows for residential small-lot development, making it suitable for multi-family housing, student rentals, or a high-quality renovation project. The proximity to Bloomington’s downtown amenities and the growing Trades District enhances both its long-term value and investment appeal.

823 N Maple St, Bloomington

$897,000
33 Beds 13 Baths 202601983 MLS
Full Moon Farm Mobile Home Park presents an outstanding, turnkey investment opportunity that combines strong in-place cash flow with compelling upside potential. This state-approved, well-established park currently generates over $140,000 in annual revenue from 10 mobile homes, 3 efficiency apartments, and on-site storage units, all supported by a solid rental history and well-maintained units. All roofs across the property have been replaced within the past year, significantly reducing near-term capital expenditures, and multiple interior updates have already been completed to further enhance tenant appeal and long-term durability. A key value-add advantage is the presence of existing sewer connections, allowing for additional units and future income growth without major infrastructure investment. Ideally positioned just minutes from Highway 37 and Westside’s thriving shopping and dining corridor, the property benefits from consistent tenant demand and market stability. With attractive current returns, minimal deferred maintenance, and clear expansion potential, Full Moon Farm Mobile Home Park represents a rare opportunity to acquire a high-performing asset with immediate income and scalable long-term upside. Seller financing may also be available, upon request, for up to 25% of the purchase price, offering additional flexibility and enhanced returns for qualified buyers.

6000 W State Rd 45th Rd, Bloomington

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