1002 E 7th Street
Anderson, IN 46012
17274 sqft | #22056949

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.
Property Details
- Utility FeaturesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
- School DistrictAnderson Community School Corp
- Middle SchoolHighland Middle School
- Structure TypeApartment Complex
- Property SubtypeMulti-Family 5+
- FoundationCrawl Space
- Original List Price$1,999,995
- Property TypePurchase
- MLS #22056949
- MLS #22056949
- CountyMadison
- Cost1999995
- Square Feet17274
- Year Built1988
- Parking Spaces2
Location
Legal
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Last Updated:Â . Source: MIBOR
Provided By
Listing Agent: Joshua Hoeft (#MBR48599)
Listing Office: Kaiser Real Estate Corp. (#MBRKAIS01)

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