119-125 S Park Ridge Road 119 S Park Ridge Rd Immeuble residentiel 16 lots À vendre Bloomington, IN 47408

XMark Midwest is pleased to present two apartment assets in Bloomington, Indiana which have a mix of student and market rate tenants. Located just 2.1 miles from Indiana University, 119 and 125 Park Ridge Road offer stable occupancy, strong rental demand in one of the nation’s top student housing markets.
These properties feature 15 one-bedroom units, and one studio unit situated in the Park Ridge East neighborhood, for a total of 16 beds. The property not only provides convenient access to Indiana University, but is just 1.6 miles from the College Mall, and 7.8 miles from Lake Monroe.
With IU’s increasing student population, and Bloomington’s economic development, the city’s rental market continues to thrive. Bloomington’s student population reached 48,424 last year with college applications up 25% year-over-year. Bloomington’s thriving economy has seen the recent development of the Trades District. The Trades district encompasses 65 acres of Bloomington’s downtown and is classified as a Certified Technology Park. The trades district benefits from public funding to attract high technology and innovation-based businesses. Bloomington has also seen the creation of hundreds of new manufacturing jobs through the completion of the Phoenix manufacturing facility and the Simtra BioPharma plant currently under construction.