Last Sold Price
4 beds2,726 sqft$63/sqft
516 Nursery Rd, Anderson, IN 46012

Description

GREAT INVESTMENT TRIPLEX This very nice triplex has the perfect location right across from Anderson University. Recently remodeled, this property features a very nice 2 bedroom unit on the main floor, with a large living room, dining room and huge kitchen. The second upstairs unit features 2 bedrooms and a nice living room. The basement has a small studio apartment. Recent updates include vinyl plank flooring in the main and upper level units, updated bathrooms with ceramic tile, some new windows,...GREAT INVESTMENT TRIPLEX This very nice triplex has the perfect location right across from Anderson University. Recently remodeled, this property features a very nice 2 bedroom unit on the main floor, with a large living room, dining room and huge kitchen. The second upstairs unit features 2 bedrooms and a nice living room. The basement has a small studio apartment. Recent updates include vinyl plank flooring in the main and upper level units, updated bathrooms with ceramic tile, some new windows, newer furnace, water heater and gutters. The detached garage could possibly be converted to another unit. What a great opportunity to own an updated triplex in a great location with immediate cash flow! Tenants pay utilities which are added in addition to base rent. Priced to sell
LISTING CLOSED: 11/22/2023 12:00 AM

  1. Listed by Joann Davis • F.C. Tucker Muncie, REALTORS

Property Details for 516 Nursery Road

Status
MLS #
202333297
Days on Market
13
Taxes
$2,514 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family / Triplex
Year Built
1970
Lot Size
0.24 AC / 10,454 SF
Style
Two Story
Architectural Style
Square
Subdivision
None
Waterfront
No
Pet Restrictions
Yes

Location

Listing Courtesy of F.C. Tucker Muncie, REALTORS

Sold By F.C. Tucker Muncie, REALTORS

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Building Information for 516 Nursery Road

Stories2Residences3Year Built1970Building Size-Lot Size0.24 AC / 10,454 SF

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Property Information for 516 Nursery Road

Summary
Location and General Information
  • Area: Madison County
  • City: Anderson
  • Zip Code: 46012
  • State: IN
  • Township: Anderson
  • Geo Latitude: 40
  • Geo Longitude: -86
  • Fips Code: 18095
  • Directions To Property: SR 9, Turn W on E 5th to Nursery Rd. Turn S to Home on left
  • Location: City/Town/Suburb, Near Airport
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 48-12-07-401-140.000-003
School Information
  • School District: Anderson Community
  • Elementary: Anderson
  • Middle School: Highland Junior High
  • High School: Anderson
Parking
  • Number Of Parking Spaces: 4
  • Parking: Off Street, Other
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Triplex
  • Approx Lot Size Acres: 0.24
  • Lot Dimensions: 48X220
  • Below Grade Unfin Sqft: 310.0
  • Total Square Feet: 3036.0
  • Upper Level Sqft: 1012.0
  • Approx Lot Size Sqft: 10454.0
  • Above Grade Finished Sqft: 2024.0
  • Below Grade Finished Sqft: 702.0
  • Total Below Grade Sqft: 1012.0
  • Total Finished Sqft: 2726.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1012.0
  • Outbuilding Length: 20.0
  • Outbuilding Sqft: 480
  • Outbuilding Width: 24.0
Property and Assessments
  • New Construction: No
  • Year Built: 1970
  • Age: 53
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Cable Company: AT&T, Comcast
  • Electric Company: Anderson City Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Fireplace, Off Street Parking, Cable Ready, Countertops-Laminate, Deck Covered, Detector-Carbon Monoxide, Detector-Smoke, Eat-In Kitchen, Porch Covered, Water Heater Electric
  • Driveway: Concrete
  • Exterior: Brick, Wood
  • Fence: None
  • Outbuilding: 2nd Detached Garage
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 3
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 1
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Partially Finished
  • Cooling: Central Air, Window
  • Flooring: Concrete, Vinyl Tile
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 1
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 1
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 1
  • Num of Units Rented: 3
  • Number of Buildings: 1
  • Number of Units: 3
Income & Expenses Information
  • Annual Electric Expense: $2,700.00
  • Annual Fuel Expense: $1,620.00
  • Annual Gross Rent $: $26,940
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $18,846
  • Annual Property Tax: $2,514
  • Annual Trash Expense: $360
  • Annual Water/Sewer Exp: $900
  • Gross Monthly Income: $2,245
  • Gross Monthly Rent: $2,245
Unit Information
Unit 1
  • Unit 1 SqFt: 1012
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 2
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $500.00
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Utility Room
  • Unit 1-Lease Exp Date: 06-30-2024
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $995
Unit 2
  • Unit 2 SqFt: 1012
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $500.00
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 07-31-2024
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $575
Unit 3
  • Unit 3 SqFt: 702
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 1
  • Unit 3-Basement: Yes
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $500.00
  • Unit 3-Garage: No
  • Unit 3-Laundry Room: None
  • Unit 3-Lease Exp. Date: 08-31-2024
  • Unit 3-Level: Below
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $575
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Cooling, Electric, Fuel, Heating, Lawn Maintenance, Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable

Property History for 516 Nursery Road

DateEvent & SourcePriceAppreciation
Nov 22, 2023

Sold

Indiana Regional MLS #202333297

$173,000
Nov 17, 2023

Sold (Public Record)

Public Record #1524779131

$173,000
Sep 26, 2023

Pending

Indiana Regional MLS #202333297

DateEvent & SourcePrice
11/22/2023

Sold

Indiana Regional MLS #202333297

$173,000
11/17/2023

Sold (Public Record)

Public Record #1524779131

$173,000
09/26/2023

Pending

Indiana Regional MLS #202333297

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Nursery Road

Taxable ValueLand$12,900Additions$120,500Total$133,400
Tax Record2025$2,939 ($245 / month)
Home Facts
Beds4Baths2Total Finished SqFt2,024 SqFtAbove Grade Finished SqFt2,024 SqFtUnfinished Basement SqFt1,012 SqFtStories1Lot Size10,560 SqFtStyleSingle Family ResidenceYear Built1970Year Renovated1970CountyMADISONAPN48-12-07-401-140.000-003

Schools near 516 Nursery Road

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Tenth Street Elementary School
PublicK to 5

Highland Jr High School
Public7 to 8

Anderson High School
Public9 to 12

Anderson Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 516 Nursery Road, Anderson, IN 46012
$173,000
4
2,726
10,454
3
2
1,892
10,780
3
2
2,462
20,038
$130,000
3
2,430
16,988
$99,000
3
2,111
13,503
$54,000
3
1,175
9,130

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker Muncie, REALTORS

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.