522 W Davis St

3,252 Sq. Ft.
$207 / Sq. Ft.
3,252
Sq. Ft.
$207
per Sq. Ft.

Description

$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...$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.
  1. Listed by Deborah Tomaro • Deb Tomaro Real Estate

Property Details for 522 West Davis Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
Yes
LISTING UPDATED: 08/16/2024 02:48 PM

Property Details for 522 West Davis Street

StatusSold
MLS #202343620
Days on Market256
Taxes$3,938 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Apartment Building
Year Built1946
CountyMonroe County

Location

Listing Courtesy of Deb Tomaro Real Estate

Sold By Griffin Realty Holdings LLC

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Building Information for 522 West Davis Street

Building/Complex522 W Davis StFloor-Stories2Residences6Pet Policy-Pet Policy Details-Year Built1946Building Size-

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Principal and Interest

$3,394

Property Taxes

$328

HOA Dues

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Property Information for 522 West Davis Street

Summary
Location and General Information
  • Area: Monroe County
  • City: Bloomington
  • Zip Code: 47403
  • State: IN
  • Township: Perry
  • Geo Latitude: 39
  • Geo Longitude: -87
  • Fips Code: 18105
  • Directions To Property: S Rogers to West on Davis, at the dead end,.
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 53-08-05-404-008.000-009
School Information
  • School District: Monroe County Community School Corp.
  • Elementary: Templeton
  • Middle School: Jackson Creek
  • High School: Bloomington South
Parking
  • Number Of Parking Spaces: 10
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Apartment Building
  • Approx Lot Size Acres: 0.57
  • Lot Dimensions: n/a
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 3252.0
  • Approx Lot Size Sqft: 24829.0
  • Above Grade Finished Sqft: 2468.0
  • Below Grade Finished Sqft: 784.0
  • Total Below Grade Sqft: 784.0
  • Total Finished Sqft: 3252.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1946
  • Age: 78
  • Expiration Of Permit: 04-19-2028
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Wood
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 6
  • Number of Refrigerators: 6
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Basement: Yes
  • Basement/Foundation: Partial Basement
  • Cooling: Central Air
  • Flooring: Vinyl
  • Heating/Fuel: Geothermal
  • Stories: 2
  • Number of Above Grade Bedrooms: 5
  • Number of Below Grade Baths: 1
  • Number of Below Grade Bedrooms: 1
  • Total Number of Bedrooms: 6
  • Total Number of Full Baths: 6
  • Total Number of Half Baths: 0
  • Total Baths: 6
  • Number Total Rooms Below Grade: 2
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Number of People Allowed: 30
  • Num of Efficiencies: 2
  • Num of Units Rented: 6
  • Number of Buildings: 1
  • Number of Units: 6
  • RI/MF Occup Permit: Yes
Income & Expenses Information
  • Annual Electric Expense: $4,800.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $74,760
  • Annual Insurance Expense: $2,200
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $59,422
  • Annual Property Tax: $3,938
  • Annual Trash Expense: $800
  • Annual Water/Sewer Exp: $3,600
  • Gross Monthly Income: $6,230
  • Gross Monthly Rent: $6,230
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Other

Property History for 522 West Davis Street

DateEvent & SourcePriceAppreciation
Aug 16, 2024

Sold

Indiana Regional MLS #202343620

$674,000
Aug 16, 2024

Pending

Indiana Regional MLS #202343620

Dec 21, 2023

In Contract

Indiana Regional MLS #202343620

DateEvent & SourcePrice
08/16/2024

Sold

Indiana Regional MLS #202343620

$674,000
08/16/2024

Pending

Indiana Regional MLS #202343620

12/21/2023

In Contract

Indiana Regional MLS #202343620

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 522 West Davis Street

Taxable ValueLand$178,700Additions$180,400Total$359,100
Tax Record2024$4,254 ($355 / month)
Home Facts
Beds6Baths6Total Finished SqFt3,252 SqFtAbove Grade Finished SqFt2,468 SqFtFinished Basement SqFt784 SqFtStories2Lot Size24,655 SqFtStyleSingle Family ResidenceYear Built1946Year Renovated2010CountyMONROEAPN53-08-05-404-008.000-009

Schools near 522 West Davis Street

This home is within Monroe County Com Sch Corp.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Templeton Elementary School
PublicPK to 6

Jackson Creek Middle School
Public7 to 8

Bloomington High School South
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Deb Tomaro Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.