1002 E 7th Street, Anderson, IN 46012
sale
$1,999,995
|
Other
Courtesy Of Coldwell Banker Kaiser
Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Building Units: 10
- Cooling System: Central Air
- Legal Description: Frees Park Place 64' W Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
- MLSID: 22056949
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