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Listed by Justin Lowe • Ellsbury Commerical Group
$ 425,000
Est. payment /mo
Active
1222 Nichol AVE Anderson, IN 46016
0.43 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22036964
Year Built 1916
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Fourplex
Property Description
This is a fantastic chance to own a well-located, 4-unit multi-family property in Anderson, Indiana. Perfect for investors looking for immediate income and long-term potential. This property features 4 separate units, offering diverse unit mixes including a 4 bedroom and 3 bathroom apartment. All units have been upgraded with new flooring and fixtures throughout both buildings. Gross monthly rent potential of over $3000 and a cap rate of 9%. Property sits within walking distance to Anderson University. Anderson is an emerging market with a growing rental. Additional information can be obtained by reaching out to the broker.
Location
State IN
County Madison
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp
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