$105,000

Different opportunities come with this budget-friendly property on Bloomington’s near southeast side. Tucked just off Hillside and adjacent to Bryan Park area, the location offers easy access to campus, downtown and east-side shopping and amenities. For the frugal owner-occupant, this is a habitable fixer-upper—a chance to live simply and affordably while making improvements over time and building equity. For an investor, it could be an approachable first rental property or an affordable addition to an existing portfolio. The home has a HAND rental permit  for 3 unrelated adults that expires 8/18/2028 and was recently occupied by a long-term tenant, with rent that had not been increased to current market levels. We’re calling this a one-bedroom home (though HAND permit calls it a 2 bedroom). There is an additional room with a closet and window that could offer flexible sleeping, office or hobby space; just note that the ceiling height is quite low in that potential second bedroom. Recent improvements include a one-year-old water heater and replaced plumbing throughout. The property may also offer potential as a future building site for someone with a different vision. Access is via an easement. A simple cottage for a simple lifestyle, a project where sweat equity can pay off, or an affordable entrance into diversifying your portfolio with your first—or fifth—rental property in a desirable Bloomington location.