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Multifamily

Washington Place

342 S Washington St, Bloomington, IN 47401

Listing Price: $4,200,000

Cap Rate
5.41%
Number of Units
10
GRM
11.86
Occupancy
95.0%
Price/Unit
$420,000
Price/Gross SF
$213.74
Gross SF
19,650

Investment Overview

Washington Place is in a highly desirable location with a 1.5% vacancy rate in a 0.3-mile radius from the
property. In that same radius there have been 5 properties delivered since 2017 for a total of 253 units.
Washington Place is an approximate 7-minute walk to Indiana Universitys Campus and less than a 5-minute
walk to Kirkwood Ave, home to Bloomingtons superb restaurant scene and vibrant nightlife, Fountain Square
Mall, the Monroe County Courthouse, and a large Kroger. One block to the north is the Bloomington Transit
Center and the Bloomington Police Department. For students, several bus stops are located within a 30 second
walk that allow easy access to IUs campus and throughout Bloomington.
The property is conveniently located on the south side of campus. This location gives the students easy access
to the large concentration of academic facilities on this part of campus. In less than a 25-minute walk students
can get to Kelley School of Business, IU Department of Biology, ONeill School of Public and Environmental
Affairs, Maurer School of Law, Indiana Memorial Union, and much more.

Investment Highlights

  • Built 2009
  • All 4 Bedroom Units
  • Great Location, Very close to IU Campus

Exclusively Listed By

Multifamily

Washington Place

Listing Price: $4,200,000

Cap Rate
5.41%
Number of Units
10
GRM
11.86
Occupancy
95.0%
Price/Unit
$420,000
Price/Gross SF
$213.74
Gross SF
19,650

Investment Highlights

  • Built 2009
  • All 4 Bedroom Units
  • Great Location, Very close to IU Campus

Investment Overview

Washington Place is in a highly desirable location with a 1.5% vacancy rate in a 0.3-mile radius from the
property. In that same radius there have been 5 properties delivered since 2017 for a total of 253 units.
Washington Place is an approximate 7-minute walk to Indiana Universitys Campus and less than a 5-minute
walk to Kirkwood Ave, home to Bloomingtons superb restaurant scene and vibrant nightlife, Fountain Square
Mall, the Monroe County Courthouse, and a large Kroger. One block to the north is the Bloomington Transit
Center and the Bloomington Police Department. For students, several bus stops are located within a 30 second
walk that allow easy access to IUs campus and throughout Bloomington.
The property is conveniently located on the south side of campus. This location gives the students easy access
to the large concentration of academic facilities on this part of campus. In less than a 25-minute walk students
can get to Kelley School of Business, IU Department of Biology, ONeill School of Public and Environmental
Affairs, Maurer School of Law, Indiana Memorial Union, and much more.

Exclusively Listed By

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