Anderson Rental Package Portfolio

Anderson, IN 46016

$1,200,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Tim Hall • F.C. Tucker/Thompson • tim.hall@talktotucker.com

Property Details for Anderson Rental Package Portfolio

Architectural Style
Other
Subdivision Name
NO SUBDIVISION
Township
Anderson NE

Location

Listing Courtesy of F.C. Tucker/Thompson
Add your commute
LISTING UPDATED: 09/12/2022 01:01 PM

Property Details for Anderson Rental Package Portfolio

StatusActive
MLS #21879880
Days on Market596
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Commercial Units - 5+
Year Built1900
Lot Size0.00 AC / 0 SF
CountyMadison County

Location

Listing Courtesy of F.C. Tucker/Thompson
Add your commute

Building Information for Anderson Rental Package Portfolio

Stories-Residences22Year Built1900Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$6,549 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Anderson Rental Package Portfolio

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: Centrally located in Anderson Indiana
  • Postal Code: 46016
  • REO Relocation: 0
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: N/A
  • Semi Annual Property Tax Amt: 0
  • Tax Exemption: None
  • Tax Year: 2022
School Information
  • School District: Anderson Community
Owner
  • Owner Pays: InsHazard, Lawncare, All Utilities
Virtual Tour
  • Virtual Tour URL Branded: www.andersonrentalpackage.com
Property
Lot Information
  • Acreage: <1/4 Acre
  • Building Information: Other
  • Lot Description: Other
  • Lot Number: 0
  • Lot Size: 0
  • MLS: MIBOR
  • Sqft Total: 0.0
  • Structure Type: Duplex,Quadruplex
  • Sq Ft Total: 0.0
  • Year Built Numeric: 1900
Property and Assessments
  • Affected by Disclosures: 0
  • Conversion: 0
  • Documents: Other
  • Inspection Warranties: General
  • Legal Subdivision: N/A
  • Photos Count: 2
  • Property Attached: Yes
  • Property Sub Type: Commercial Units - 5+
  • Transaction Type: Sale
Green Features
  • Green Certification: 0
Utilities
  • Building Utilities: Other
  • Operating Expense Includes: Insurance, Maintenance, Repairs, Utilities
  • Solid Waste: 0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Other
Interior Features
  • Laundry: Other
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: 22
  • Garage Parking: Other
Income & Expenses
  • Expenses: 104020
  • Gross Operating Income: 194000
  • Insurance Expenses: 10612
  • Net Operating Income: $89,883.00
Rental
Rental Information
  • Tenant Pays: Cable TV

Property History for Anderson Rental Package Portfolio

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near Anderson Rental Package Portfolio

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 - 6 to 10
Rating
School
Distance
Tenth Street Elementary School
PublicK to 4

Highland Jr High School
Public7 to 8

Anderson High School
Public9 to 12

COMPASS Alternative School
Public6 to 10

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.

Similar Homes

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Anderson Rental Package Portfolio is a multi-family home for sale in Anderson, IN 46016. This property was listed for sale on August 26, 2022 by F.C. Tucker/Thompson, it's currently listed at $1,200,000. This listing's school district is Anderson Community School Corp. Nearby schools include Tenth Street Elementary School, Highland Jr High School and Anderson High School. Anderson Rental Package Portfolio is a 0-bed, 0-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F.C. Tucker/Thompson

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.