1002 E 7th ST Active Save Request In-Person Tour Request Virtual Tour
Anderson,IN 46012
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 17,274 sqft
Price per Sqft $115
MLS Listing ID 22056949
Year Built 1988
Tax Year 2024
Property Sub-Type Multi-Family 5+
Property Description
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.
Location
State IN
County Madison
Zoning R-4 & B-1
Interior
Cooling Central Air
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Building
Story 1
Foundation Crawl Space
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp