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The Arbors 1533 Arbors Ln 24 Unit Apartment Building For Sale Bloomington, IN 47401
Executive Summary
The Arbors is an extremely well located and maintained property built between 1994 and 1996, The Arbors is located on the City’s southeast side. The unit mix for this property consists of (12) 2bd/1bth, (6) 2br/1bth and (6) 3br/2br units. All units offer a large living space with units ranging between 1,190 sf and 1,450 sf.
Amenities include: patio or balcony, nicely equipped kitchen, fireplace and washer and dryer connections.
In the last two years, ownership has spent nearly $100k on exterior work and HVAC replacements. They have completed 13 full system replacements and 7 major component replacements, in addition to completing several landscaping enhancements and a substantial amount of tree removal.
Amenities include: patio or balcony, nicely equipped kitchen, fireplace and washer and dryer connections.
In the last two years, ownership has spent nearly $100k on exterior work and HVAC replacements. They have completed 13 full system replacements and 7 major component replacements, in addition to completing several landscaping enhancements and a substantial amount of tree removal.
Property Facts
| Sale Type | Investment | Lot Size | 4.09 AC |
| No. Units | 24 | Building Size | 41,642 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1998 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.09 AC |
| Building Size | 41,642 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1998 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- High Speed Internet Access
- Refrigerator
- Range
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 1,190 - 1,240 |
| 2+1.5 | 6 | - | 1,250 - 1,275 |
| 3+2 | 6 | - | 1,450 - 1,600 |
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Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,082,000 | |
| Land Assessment | $0 | Total Assessment | $1,082,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$1,082,000
Total Assessment
$1,082,000
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The Arbors | 1533 Arbors Ln
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