602 Meridian Street

Anderson, IN 46016

$625,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This is a 12 Unit building in Anderson. There are six one bedrooms and six 2 bedrooms. There is a small parking area on the south side of the building for the tenants to use. There is also a covered Parking area behind the building for $15.00 a month per space. There are storage units in the basement for the tenants on levels 2 and 3. Level one tenant's have a room in the back of their apartment for storage. Room sizes are approximate. Each apartment has a small deck or patio for their use on the...This is a 12 Unit building in Anderson. There are six one bedrooms and six 2 bedrooms. There is a small parking area on the south side of the building for the tenants to use. There is also a covered Parking area behind the building for $15.00 a month per space. There are storage units in the basement for the tenants on levels 2 and 3. Level one tenant's have a room in the back of their apartment for storage. Room sizes are approximate. Each apartment has a small deck or patio for their use on the back of their apartment. There are stoves, refrigerators, microwaves, dishwasher and w/d in most apartments. Water softener's are located in the basement at the back of the building. Alarms are in each unit, not hooked into the police department, but loud when they go off.

Property Details for 602 Meridian Street

Architectural Style
Multi-Level
Subdivision Name
Hannah & Hazlett
Township
Anderson SE
Zoning
R2

Location

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LISTING UPDATED: 04/15/2024 10:51 AM

Property Details for 602 Meridian Street

StatusPending
MLS #21897667
Days on Market405
Taxes$4,387 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi-Family 5+
Year Built1895
Lot Size0.18 AC / 7,840 SF
CountyMadison County

Location

Add your commute

Building Information for 602 Meridian Street

Stories-Residences12Year Built1895Building Size-Lot Size0.18 AC / 7,840 SF

Payment Calculator

$4,142 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,411

Property Taxes

$731

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 602 Meridian Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: Located at the corner of 6th St. and Meridian Street, downtown Anderson
  • Postal Code: 46016
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481112402146000003
  • Semi Annual Property Tax Amt: 4387
  • Tax Exemption: None
  • Tax Year: 2021
  • Additional Parcels Description: 481112402145000
  • TaxLot: 15,16,17
School Information
  • High School: Anderson High School
  • School District: Anderson Community School Corp
Owner
  • Owner Pays: Ins Hazard, Insurance, Lawncare, Taxes, Sewer, Trash Collection, Water
Parking
  • Carport Spaces: 10.0
  • Garage Spaces: 0.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Storage
  • Current Use: Multi-Family
  • Lot Description: Access, Busline, Corner Lot, Sidewalks, Street Lights
  • Lot Size Square Feet: 7797.0
  • Lot Size Acres: 0.18
  • MLS: MIBOR
  • New Construction: False
  • Possible Use: CommMulTen
  • Space Available: 13210
  • Structure Type: Apartment Building
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1895
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Inspection Warranties: Not Applicable
  • Legal Subdivision: HANNAH & HAZLETTS N F OP 0.0000ACRES STR: 00000 SECTION: PLAT: 15,16,17 IN: OUT:
  • Photos Count: 4
  • Property Sub Type: Multi-Family 5+
  • Property Type: Commercial Sale
  • Road Surface Type: Asphalt, Concrete
  • Transaction Type: Sale
  • Web Link: WWW.GOLDKEY1.COM
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Sewer,Water
  • Operating Expense Includes: Advertising, Insurance, Management, PropTaxes, Utilities
  • Solid Waste: Yes
  • Utilities: Cable Connected, Electricity Connected
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Foundation Details: Block
  • Roof: Asphalt
Interior Features
  • Basement YN: Yes
  • Furnished: Unfurnished
  • HVAC: ELECTRIC
  • Levels: Tri-Level
  • Laundry Features: Connections Some
  • Multi Baths: 12
  • Multi Beds: 18
Room Information
Room Information
  • Rooms MU: 0
  • Rooms Total MU: 0
  • Total Rooms: 0
Bathrooms
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Count: 0
  • Full Baths MU: 0
  • Half Baths MU: 0
Bedrooms
  • Beds MU: 0
  • Bedrooms MU: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Total Units: 12
  • Garage Parking: Guest Parking, On Street, Paved Area
Income & Expenses
  • Expenses: 22061
  • Net Operating Income: $71,239.00
  • Gross Income: $93,300.00
  • Gross Scheduled Income: $93,300.00
Unit 1
  • Unit Kitchen: 10X10
  • Unit Levels: 1
  • Unit Miscellaneous: Dishwasher,Lndry Conn,Range/Oven,Refrigrater,Water Softner Paid
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Elec,Heat Forced
Unit 2
  • Unit Kitchen: 10X10
  • Unit Levels: 1
  • Unit Miscellaneous: Dishwasher,Lndry Conn,Range/Oven,Refrigrater,Water Softner Paid
  • Unit Rent Frequency: Monthly
  • Unit Utilities: Cl None,Fuel Elec,Heat Forced
Rental
Rental Information
  • Tenant Pays: Security, Cable TV, Carpet Cleaning, Carport Available, Insurance

Property History for 602 Meridian Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 602 Meridian Street

Taxable ValueLand$9,000Additions-Total$9,000
Tax Record2022$201 ($17 / month)
Home Facts
Beds0Lot Size7,797 SqFtStyleResidentialCountyMADISONAPN48-11-12-402-146.000-003

Schools near 602 Meridian Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Eastside Elementary School
PublicK to 4

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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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.