Address
717 & 801 N College Avenue, Bloomington, IN
Price
$ 2,550,000
Property Attributes
  • MLS#202210025
  • TypeMulti-Family
  • CountyMONROE
  • CityBloomington
  • AreaBloomington
  • NeighborhoodKenwood
  • Zip47404
  • StyleVictorian
  • Year Built1840
  • Taxes$ 19221
  • Price$ 2,550,000
  • Bedrooms10
  • Full Bathrooms9
  • Half Bathrooms3
  • Sqr Footage7249
Data Source:
Indiana Regional MLS (IRMLS)
Property 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.

Elementary School Middle School High School
Fairview Elementary School Tri-North Middle School Bloomington North High School
Price History
3/25/2022 Listed $2,550,000

General Features

# of Buildings 2
Age 182
Agent First Name Kerry
Agent Last Name Feigenbaum
Arch Style Victorian
Assoc. Dues Frequency Not Applicable
Basement Cellar, Unfinished
Bathrooms 12
Beds 10
Cooling Central Air, Multiple Cooling Units, Other
Elementary School Fairview
Features Ceiling Fan, Fireplace, Off Street Parking, Near Walking Trail, Storage, Breakfast Bar, Cable Ready, Detector-Carbon Monoxide, Detector-Smoke, Jet/Garden Tub, Water Heater Gas
Full Baths 9
Half Baths 3
Heating Electricity, Gas, Conventional, Heat Pump, Multiple Heating Systems
High School Bloomington North
Legal Description (717) 013-41750-00 KENWOOD LOT 12 & PT LOT 13 (801) 013-33100-00 KENWOOD PT LOT 13, LOT 18, &; PT NW 33-9-1W; TOTAL .57A; PLAT L18
Listing Area Monroe County
Middle School Tri-North
New Construction No
Parking Off Street
Pet Restrictions Y/n No
Pool Y/N No
REO No
School District Monroe County Community School C
Sewer City
Status Active
Status Active
Stories 2
Style Two Story
Subdivision Kenwood
Tax Year 2022/23
Tenant Pays Cable, Cooling, Electric, Heating, Sewer, Water
Total Sq Ft 8419
Type Other
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202210025
Year Built 1840

Interior Features

Above Grade Bedrooms 10
Basement Material Block
Basement Y/n Yes
Below Grade Unfin. Sqft 1170
Dishwasher(s) 2
Disposal(s) 2
Dryer(s) 2
Flooring Carpet, Tile, Vinyl Tile, Wood
Microwaves 3
Ranges/Ovens 2
Refrigerators 5
Total Number of Units 2
Total Rooms Below Grade 1
Unit 1 Sqft 3104
Unit 1-# Of Bathrooms 6
Unit 1-# Of Bedrooms 5
Unit 2 Sqft 4145
Unit 2-# Of Bathrooms 5
Unit 2-# Of Bedrooms 5
W/D Hookups 2
Washers 2

Exterior Features

Approx. Lot Size Acres 0.69
Driveway Asphalt
Exterior Brick, Wood
Lot Description Irregular, Partially Wooded, Historic Designation
Lot Dimensions Unknown
Lot Size Area 30056
Number of Parking Spaces 24
Outbuilding Shed
Roof Material Dimensional Shingles, Shingle
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


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. IDX information is provided by the Indiana Regional MLS. Information last updated on August 10, 2022 7:01 PM UTC

Property vs Multi-Family Average in 47404

Price
AVG $1.25M
$2.55M
Taxes
AVG $10,696
$19,221
Visits
AVG 20
23
Year Built
AVG 1935
1840