2222 E 10th ST Pending Save Request In-Person Tour Request Virtual Tour
Anderson,IN 46012
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Subdivision 10Th Sub
MLS Listing ID 22067389
Year Built 1963
Tax Year 2024
Lot Size 0.310 Acres
Property Sub-Type Quadruplex
Property Description
Investor Alert - Fully Rented Quad That Substantially Exceeds the 1% Rule! 2222/2224 East 10th Street, Anderson, IN 46012 This all-brick quadplex is a true money maker, generating $3,000/month in gross rent! All four units are fully occupied with stable, long-term tenants, providing immediate and consistent cash flow. Unit Breakdown: 2222 Up: 2 BR / 1 BA - $800/month (+$25 cat fee). Long-term tenant well below FMV ($1,054). 2222 Down: 1 BR - $700/month. 2224 Up: 1 BR + Den - $750/month. 2224 Down: 1 BR + Den - $750/month. Owner pays all utilities. Each side (2222 and 2224) shares one furnace and one water heater, keeping maintenance simple and operating costs manageable. Lower units do not control thermostats, but this setup has worked smoothly for years. Built solid with brick exterior, this property offers durability, reliability, and ease of management. Conveniently located near shopping, schools, and main routes in Anderson. Total Monthly Income: $3,000 Total Annual Income: $36,000
Location
State IN
County Madison
Building
New Construction false
Schools
School District Anderson Community School Corp