717 &Amp 801 N College Avenue Bloomington, IN 47404
Listing Courtesy of: INDIANA REGIONAL MLS, INC / Fc Tucker/Bloomington Realtors / Kerry Feigenbaum
$2,550,000
10
BED
11
BATH
7,249
SQFT

  717 &Amp 801 N College Avenue Bloomington, IN 47404

Active (135 Days)

Description

Remarkable investment opportunity close to IU Campus and Bloomington's Downtown on highly visible College Avenue. Both properties sit side by side facing College Avenue with an empty lot in the center that is part of the 801 plat. Property is developable, see separate docs from Monroe County Planning attached and visit the planning department for further information. 801 N College was the former Scholars Inn Bed & Breakfast and offers 5 bedrooms and study with each room boasting an en suite (6 total full baths). The property has parking and a beautiful back yard with mature trees. This is currently rented to students and has leases in place thru August 2023. 717 N College was the former Scholars Inn Gourmet Cafe and Wine Bar. It was completely remodeled in 2020 and has been operating as a Vacation Rental since July 2020. Each level is rented separately or the entire house can be rented together with 2 separate listings on vacation rental sites. 717 would be sold turn key and buyers may take over VRBO and Air B&B listings with bookings through the fall and Graduation 2023. This property has 3 bedrooms and 2 full plus 2 half baths downstairs and an additional full bath and two bedrooms upstairs with a kitchenette. Each level has an expansive deck and the back of this property has 16 parking spots which generate income from Flexepark. Both houses were built before 1900 and exude all the charm you'd expect to find in homes of this era. See document attached for details of each property.

MLS #:
202210025
Taxes
$19,222(2022)
Lot Size
0.69 acres
Type
Multifamily
Year Built
1840
Style
Two Story
School District
Monroe County Community School Corp.
County
Monroe County
Community
Kenwood
Bathroom Details
Subdivision
  • Kenwood
Lot Information
  • Historic Designation
  • Partially Wooded
  • Irregular
Heating and Cooling
  • Multiple Heating Systems
  • Heat Pump
  • Conventional
  • Gas
  • Electricity
  • Multiple Cooling Units
  • Other
  • Central Air
Basement Information
  • Block
  • Unfinished
  • Cellar
Flooring
  • Tile
  • Wood
  • Vinyl Tile
  • Carpet
Exterior Features
  • Wood
  • Brick
  • Roof: Dimensional Shingles
  • Roof: Shingle
Utility Information
  • Utilities: City
  • Sewer: City
School Information
  • Elementary School: Fairview
  • Middle School: Tri-North
  • High School: Bloomington North
Parking
  • Off Street
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

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Disclaimer: 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. © 2022 Indiana Regional MLS.. 8/7/22 23:19