10
See all 10 photos
Listed by Joshua Hoeft • Kaiser Real Estate Corp.
$1,999,995
Est. payment /mo
17,274 SqFt
Active
1002 E 7th ST Anderson, IN 46012
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Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 17,274 sqft
Price per Sqft $115
MLS Listing ID 22056949
Year Built 1988
Tax Year 2024
Property Sub-Type Multi-Family 5+
Property Description
Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.
Location
State IN
County Madison
Zoning R-4 & B-1
Interior
Cooling Central Air
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Story 1
Foundation Crawl Space
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp
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