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PROPERTY STATUS:

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      5 Units - One Building 🐮 60% Occupied 🐮

      • January 06, 2021 11:25 AM
        Message # 9722338

        PROPERTY STATUS: AVAILABLE

        Don't miss this great opportunity on a 60% occupied, 5 Unit Apartment Building in Anderson, Indiana. All utilities are separately metered, except for water. Property is currently grossing $1,125/month in rent. Area market rents show this property could potentially gross $2,896/month , when fully occupied and rents adjusted.


        Each apartment has it's own furnace, which have been serviced annually and one furnace was replaced in 2018. Property comes with two water heaters, one gas and one electric. The electric water heater was replaced in 2019. Tenants use their own window units for A/C.


        Property also comes with a large 2 car garage in back, with electrical service installed. These two garages can be rented for storage or converted into another apartment for additional cash flow. There also also a small room on the back of the apartment with plumbing and electrical provided, to install 2 coin washers and 2 coin dryers for tenants.


        Located northwest of Indianapolis, Indiana in a solid class C+ neighborhood. Just a few blocks away from the Anderson Museum Of Arts and around the corner from the First Presbyterian Church. A few miles from Jane Pauley Medical Health Center and Anderson State University.


        Check it out today before it's gone!

        ..............................................................................................................................................

        Address: 204 W 9th Street, Anderson, Indiana 46016

        Units: 5

        Unit Mix: Three 1 Bedroom/1 Bath Units, One 3 Bedroom/1 Bath Unit, and One 1 Efficiency/1 Bath Unit

        Current Rents: $350 - $400

        Market Rents: $506 - $755

        Square Footage: 3,408

        Annual Tax: $2,638

        Occupancy: 60% Occupied

        Year Built: 1891

        UtilitiesTenants pay for electric and gas. Owner pays for water.

        Management: Currently self-managed, but excellent local property management company ready to step in and manage this one for the next owner.

        Price: $75,000 (Cash, Hard Money, or Private Money) 

        Due Diligence: While we do our best to get all the relevant information to you, buyers are encouraged to do their own due diligence. (See Important Disclosures Below)

        HERE ARE LINKS FOR THE WALKTHROUGH VIDEOS, FOR EACH PROPERTY: https://www.youtube.com/watch?v=zRjnycbgCXY&feature=youtu.be

        If you have any questions on this, or any other Indiana multifamily properties, please contact:

        Larry Keith

        Five Stream Ventures, LLC.

        (972) 244-3292


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