$1,790,000

1002 E 7th Street, Anderson, IN 46012

  • 17,274 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1988
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $104/sqft
  • Property List Date Icon Listed 4 months ago

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.

Listing Status:
Active
Listing Office:
Kaiser Real Estate Corp. : 317-771-5494
Listing Agent:
Joshua Hoeft : 317-771-5494
MLS ID:
22056949
  • Laundry: Laundry Room
  • A/C: Central Air
  • Parking: Attached
  • General: OneCrawl Space
  • Originating MLS: mibor
  • School District: Anderson Community School Corp
  • County: Madison
  • Zoning: R-4 & B-1Frees Park Place 64' W Pt 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:481207304132000003
  • Current Use: Apt>20
  • Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Source: mibor

This listing courtesy of Joshua Hoeft, Kaiser Real Estate Corp.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Anderson Intermediate School

2300 Lindberg Rd, Anderson, IN, 46012

Grades 5-6

1.24 miles away

H

Highland Middle School

2108 E 200 N, Anderson, IN, 46012

Grades 7-8

2.71 miles away

C

Compass Alternative School

2010 Brentwood Dr, Anderson, IN, 46011

Grades 7-10

2.73 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.