409 S Swain Ave, Bloomington, IN 47401

Description

**AUCTION – LIST PRICE IS THE OPENING BID PRICE. Established IU campus-area investment property at 409 S Swain Ave, conveniently located just off Atwater Avenue. This one-story property offers approximately 2,478 finished SF, including approximately 1,113 SF of finished basement space. County records identify 8 bedrooms, 4 full baths, two kitchen sinks and two water heaters. The property is classified by the county as Other Commercial Housing.
Situated on approximately 0.18 acres, additional features include central heat and A/C, a 525 SF concrete patio and approximately 2,500 SF of asphalt paving providing valuable off-street parking. Located near Indiana University, the Jacobs School of Music, IU facilities, dining, entertainment and downtown Bloomington.
One of seven edge-of-campus investment properties being offered as part of a generational real estate portfolio auction. Online bidding opens August 27. Live/Simulcast Auction September 3 at 1 PM ET at the Bloomington Convention Center. Buyers should independently verify zoning, permitted uses and all property information.


IMPORTANT PROPERTY VIEWING & INSPECTION INFORMATION

Due to the properties being currently occupied by multiple tenants, all properties included in this auction will be available for viewing and inspection on ONE DAY ONLY:

Friday, August 14 | 9:00 AM – 5:00 PM

During this designated inspection event, all auction properties will be open and available for prospective buyers, real estate agents, inspectors, contractors, and other professionals to walk through and evaluate.

No private or individual showings will be available before or after August 14. Real estate agents will not be able to schedule separate showing appointments for their clients.

Buyers are strongly encouraged to attend on August 14 and complete any desired inspections or due diligence during this time. Buyers may bring their real estate agent, inspector, contractor, or other advisors with them.

Please plan accordingly, as August 14 will be the only opportunity.

ZONING: Residential multifamily (RM)