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508 & 509 N Washington Street

Bloomington, IN 47408
  • $2,300,000
  • STATUS: Cont-AccptngBackupOffers
  • ON SITE: 49 Days
  • MLS #: 202149908
UPDATED: 59 min ago
$2,300,000
  • 15
    BEDS
  • 0.5
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 7,200
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Rare opportunity on N Washington St for two properties across from each other with many use possibilities. Both owned by one family for over 35 years, 508 was owner occupied for 25 years and was completely restored. Built in 1895 in a Queen Anne Victorian style has more recently, it has been a rental and has a 9 BR occupancy permit. Has permission for office in home and possibility for expansion in a separate unit where the garage is. This is a famous historical house with many special elements and is quite large with 3 stories and 3 full kitchens. Built in 1925 in a Victorian style, 509 has been a rental for many years and has an occupancy permit for 6 BRs. It has two kitchens and spacious living spaces. The lot is easily developable for a large second building. Both 508 and 509 are zoned multi-family and there are precedents in zoning and planning for expansion. For those who appreciate beautiful and rare finishes and elements, these are a must see.

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS. Data last updated: 2022-01-22T17:27:51.193.

www.indianahomehub.com/homes/123728589
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508 & 509 N Washington Street Bloomington, IN 47408

  • Price: $2,300,000
  • Status: Cont-AccptngBackupOffers
  • On Site: 49 Days
  • Updated: 59 min ago
  • MLS #: 202149908
15
Beds
9
Baths
0
½ Baths
0.5
Acres
7,200
SQFT
$319
$/SQFT
1895
Built
Neighborhood:
None
County:
Monroe
Area:
Monroe
Elementary School:
University
Middle School:
Tri-North
High School:
Bloomington North
School District:
Monroe County Community School C
Property Description
Rare opportunity on N Washington St for two properties across from each other with many use possibilities. Both owned by one family for over 35 years, 508 was owner occupied for 25 years and was completely restored. Built in 1895 in a Queen Anne Victorian style has more recently, it has been a rental and has a 9 BR occupancy permit. Has permission for office in home and possibility for expansion in a separate unit where the garage is. This is a famous historical house with many special elements and is quite large with 3 stories and 3 full kitchens. Built in 1925 in a Victorian style, 509 has been a rental for many years and has an occupancy permit for 6 BRs. It has two kitchens and spacious living spaces. The lot is easily developable for a large second building. Both 508 and 509 are zoned multi-family and there are precedents in zoning and planning for expansion. For those who appreciate beautiful and rare finishes and elements, these are a must see.
Exterior Features

Architectural Style HistoricVictorian Driveway Concrete Exterior VinylWood Fence None Location City/Town/SuburbHistoric DistrictNear College CampusNear Walking Trail Lot Description IrregularHistoric Designation0-2.9999 Lot Dimensions Irregular Outbuilding None Parking PrivatePublicStreet Parking Spaces 5 Pool YN No Road Access City Road Surface Asphalt Roof Material Shingle Sea Wall Type None Style Other Water Features None Waterfront YN No

Interior Features

Above Grade Bedrooms 15 Above Grade Finished Sqft 7200 Above Grade Unfin Sq Ft 0 Amenities Ceiling FanFireplaceOff Street ParkingNear Walking TrailSkylightsStorageBuilt-In BookcaseCable ReadyCeiling-9+Ceilings-VaultedCloset(S) CedarCountertops-LaminateCountertops-Solid SurfCountertops-StoneCrown MoldingDetector-SmokeFirepitGarden TubKitchen IslandLandscapedPatio CoveredPocket DoorsPorch CoveredWater Heater ElectricSump PumpWasher Hook-UpOther-See RemarksCustom Cabinetry Basement Foundation Partial BasementUnfinished Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central AirWall Ac Dishwashers 4 Disposals 5 Dryers 3 Flooring Ceramic TileMixedPart CarpetWood Heating Fuel Hot Water Microwaves 5 Ranges Ovens 5 Refrigerators 5 Rooms Below Grade 0 Total Baths 9 Total Below Grade Sqft 0 Total Sq Ft 7200 Wash Dry Hookups 2 Washers 3

Property Features

Annual Electric Expense 6000 Annual Fuel Expense 2400 Annual Gross Rent 117000 Annual Insurance Expense 1100 Annual Maint Expense 2200 Annual Misc 0 Annual Net Income 92900 Annual Property Tax 10000 Annual Trash Expense 0 Annual Water Sewer Exp 2400 Assoc Dues Frequency Not Applicable Buildings 2 Cross Street E. 9th St. Documents Available None Efficiencies 0 Electric Meters 2 Existing Financing Other For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 0 Government Subsidized YN No Gross Monthly Income 9750 Gross Monthly Rent 9750 Inside City Limits Yes Lease Term Negotiable New Construction No Occup Permit YN Yes One Bedrooms 15 Owner Pays Building InsuranceLawn MaintenanceMaintenanceSnow Removal Owner Real Estate License YN No People Allowed 15 Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashOther Reo YN No Restrictions YN Yes Sale Includes BuildingLandLeaseOther Sewer City Tenant Pays CableCoolingElectricHeatingSewerTrash CollectionWater Three Bedrooms 0 Township Bloomington Two Bedrooms 0 Units Rented 6 Water Meters 2 Water Utility City Well Type Unknown Year Taxes Payable 2021 Zoning Description Residential Multifamily

Listing provided by Chris Cockerham of Fc Tucker/Bloomington Realtors: 812-336-7300.
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Anthony REALTORS. Data last updated: 2022-01-22T17:27:51.193.

 
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