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Listed by Emily Huskey • Keller Williams Indy Metro Partners
$ 340,000
Est. payment | /mo
3,984 SqFt
$ 340,000
Est. payment | /mo
3,984 SqFt
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $85
MLS Listing ID 22121052
Year Built 1949
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Multi-Family 5+
Property Description
**Excellent Investment Opportunity - Well-Maintained 5-Unit Apartment Complex bringing in $4,000+ every month** Add this apartment complex to your investment portfolio and take advantage of all the upside and room for more equity! The property features four spacious 2 bedroom, 1 bath units and one studio apartment. All five units are currently tenant occupied, including one long term tenant who has been in place for more than 7 years, providing an established rental history and immediate income potential. Numerous updates have been completed within the past five years, including a new electrical panel and updated wiring throughout, new PEX plumbing throughout, and new vinyl windows. The furnaces and water heaters are newer, and roof is approximately 10 years old. The property does not have central air. (Tenants pay extra monthly for A/C window units) Additional income is generated from the coin operated laundry, which is conveniently available for tenant use and produces approximately $100-$200 per month. The attached garage also includes a storage area with significant additional potential. The space has existing water lines and has been plumbed for a bathroom, offering the possibility of converting the area into a sixth unit or creating additional rental/storage income, subject to applicable zoning, permits, and approvals. Conveniently located within walking distance of Kroger and close to public transportation, shopping, and everyday amenities. Street parking only. Financial information is available to serious, qualified buyers. **On-site tours of the apartments are available (with enough advance notice) for serious buyers with a pre-approval letter or proof of funds for cash purchases.** See additional rent info in agent to agent notes. Please do not disturb tenants. Please give minimum 48 hour response times on all offers.
Location
State IN
County Madison
Zoning residential
Interior
Heating Forced Air
Cooling Window Unit(s)
Equipment Smoke Alarm
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Roof Type Shingle
Building
Story Two
Architectural Style Traditional
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp
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