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Anderson Rental Package Portfolio

Anderson, IN 46016
  • $1,200,000
  • STATUS: Active
  • ON SITE: 153 Days
  • MLS #: 21879880
$1,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

Description

Check out package website at www.andersonrentalpackage.com for all property addresses, more photos, video, rents, and to download the financials. 8 properties (3 quadplexes, 5 duplexes), 22 units rental portfolio package with all properties located in Anderson, Indiana. Currently 21/22 units occupied. 6 units recently renovated. 3 properties with new roof in the last 1.5 years. Leases recently move from month to month to year long and all rents recently increased to at or above current market rates with no loss of tenants. Great NOI boosting value add opportunity to put utilities on tenants. Current owner pays all utilities ($53,000 in 2021). New projected annual gross is $194,000. Cap rate 7.5%. Stable and cash flowing.

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© 2023 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2023-01-27T00:24:46.463. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.wagnerrealtors.com/homes/132506961
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Anderson Rental Package Portfolio Anderson, IN 46016

  • Price: $1,200,000
  • Status: Active
  • On Site: 153 Days
  • MLS #: 21879880
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1900
Built
Neighborhood:
No Subdivision
County:
Madison
Area:
4811 - Madison - Anderson NE
School District:
Anderson Community
Property Description
Check out package website at www.andersonrentalpackage.com for all property addresses, more photos, video, rents, and to download the financials. 8 properties (3 quadplexes, 5 duplexes), 22 units rental portfolio package with all properties located in Anderson, Indiana. Currently 21/22 units occupied. 6 units recently renovated. 3 properties with new roof in the last 1.5 years. Leases recently move from month to month to year long and all rents recently increased to at or above current market rates with no loss of tenants. Great NOI boosting value add opportunity to put utilities on tenants. Current owner pays all utilities ($53,000 in 2021). New projected annual gross is $194,000. Cap rate 7.5%. Stable and cash flowing.
Exterior Features

Architectural Style Other Construction Materials Other Lot Information Other Structure Type DuplexQuadruplex Unit Parking Other

Interior Features

Building Area Total 0 Full Baths MU 0 Half Baths MU 0 Rooms MU 0 Rooms Total MU 0

Property Features

Acres <1/4 Acre Building Information Other Building Utilities Other Current Financing Conventional Disclosures Not Applicable Expenses 104020 Green Certification YN No Laundry Other Listing Terms Conventional Net Operating Income 89883 New Construction YN No Number Of Units Total 22 Operating Expense Includes InsuranceMaintenanceRepairsUtilities Owner Pays Ins HazardLawncareAll Utilities Possession Closing Property Attached YN Yes Property Sub Type Multi-Family 5+ Rooms Total 0 Semi Annual Property Tax Amt 0 Solid Waste No Special Listing Conditions As IsSales Disclosure Not Required Tax Exemption None Tax Year 2022 Tenant Pays Cable Tv Township Anderson Ne Transaction Type Sale

Listing provided courtesy of F.C. Tucker/Thompson: tim.hall@talktotucker.com. © 2023 Metropolitan Indianapolis Board of REALTORS®. Information Deemed Reliable But Not Guaranteed.


© 2023 Metropolitan Indianapolis Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the BLC® listing service or Dean Wagner Realtors.

Based on information submitted to the MLS GRID as of 2023-01-27T00:24:46.463. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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Dean Wagner Realtors
716 3rd Street
Columbus IN, 47201