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1016 W Country Club Dr 4 Unit Apartment Building Offered at $848,125 CAD Bloomington, IN 47403

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Investment Highlights

  • Good rental history
  • Garages that could be rented sepretley for storage
  • 2 vacant lots included

Executive Summary

1.69 acres with a total of 4 rental units and 4 separate deeds. Deed one is a 1 bedroom, 1 bath home located at 1016 Country Club leasedfor $895 per month until July 22, 2026. This home has an unfinished basement and sits on .42 acres. Deed two is a 1/2 acre vacant lot zoned R2.Deed 3 is a .33 acre vacant lot also zoned R2. Deed 4 is the balance of the property with .44 acres and 3 rental units. There is a 2 bedroom 1 bath at1022A Country Club with a car port which is leased for $950 per month until July 22, 2026. There is also a 2 bedroom 1 bath upstairs apartment leasedfor $1250 per month until July 24, 2026. This was recently remodeled with new paint and flooring and updated dishwasher. Below this apartment is alarge 4 car garage that is shared between this tenant and the tenant in the home. There is also a 4 bedroom 1 bath home with a long term tenant that ison a month to month lease. This unit is very under rented for $910.52 per month. In addition there is a small storage shed and a large 1 car garage/ shedwith loft area. Property being sold as-is. Would make a great investment property or could be demolished and something new built in its place.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $65,217 $14.49
Other Income - -
Vacancy Loss - -
Effective Gross Income $65,217 $14.49
Taxes $14,764 $3.28
Operating Expenses $1,628 $0.36
Total Expenses $16,393 $3.64
Net Operating Income $48,825 $10.85

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $65,217
Annual Per SF $14.49
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $65,217
Annual Per SF $14.49
Taxes (CAD)
Annual $14,764
Annual Per SF $3.28
Operating Expenses (CAD)
Annual $1,628
Annual Per SF $0.36
Total Expenses (CAD)
Annual $16,393
Annual Per SF $3.64
Net Operating Income (CAD)
Annual $48,825
Annual Per SF $10.85

Property Facts

Price $848,125 CAD
Price Per Unit $212,031 CAD
Sale Type Investment
No. Units 4
Property Type Multifamily
Apartment Style Single-Family Home
Lot Size 1.69 AC
Building Size 4,750 SF
Average Occupancy 100%
No. Stories 1
Year Built 1960
Opportunity Zone Yes
Zoning R2

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 $1,215 CAD 696 - 850
2+1 2 $1,289 CAD 766
4+1 3 $1,235 CAD 850
2+1 4 $1,696 CAD 1,960

Property Taxes

Property Taxes

Parcel Number
53-08-08-403-001.000-009
Land Assessment
$104,169 CAD (2025)
Improvements Assessment
$114,285 CAD (2025)
Total Assessment
$218,455 CAD (2025)
Annual Taxes
$14,764 CAD ($3.11 CAD/SF)
Tax Year
2026
  • Listing ID: 39688523

  • Date on Market: 2026-03-06

  • Last Updated:

  • Address: 1016 W Country Club Dr, Bloomington, IN 47403

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