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.

Date Added: 8/26/22 at 5:00 am
Last Update: 9/12/22 at 5:01 pm

Location

  • Road/AccessHwy State, City Street
  • HOA AmenitiesAssociation Home Owners, Maintenance, Park Playground, Management, 25.0, Annually

Lot

  • TopographyLevel, Wooded
  • ZoningN/ A
  • Current UseResidential
  • FencingPartial, Privacy
  • LandscapingNot Applic; Soil Type: Not Applic
  • ViewPond, Water

Utilities

  • WaterOther
  • SewerMunicipal Sewer Near
  • UtilitiesCable Available

Financial

  • Sourcemibor, mibor

Interior

  • GeneralWindows Wood
  • AppliancesNone
  • LaundryOther
  • BasementCrawl Space
  • A/CNone
  • HeatingNo Heating, Electric
  • FireplaceFireplaces: 0
  • Eco/Green FeatureLow Energy Windows

Exterior

  • GeneralNo Building
  • StyleOther
  • ParkingNone
  • PoolCommunity, Association
  • ImprovementsNone
  • Other StructuresNot Applicable

Construction

  • GeneralOther
  • RoofingRubber, Shingle

Schools

  • DistrictAnderson Community School Corporation
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