403-405 W 5th St, Anderson, IN 46016
- $114,900
- 5
- BD
- 2
- BA
- 1,968
- SqFt
- List Price
- $114,900
- MLS#
- 202613964
- Sqft. of Residence
- 1,968
- Status
- ACTIVE
Property Description
This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
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Additional Information
- Tenant Pays
- Electricity, Fuel, Sewer, Water
- Basement
- Crawl Space, Partial, Unfinished
- Stories
- 2
- Acres
- 0.15
- Cooling
- None
- Water
- City
- Region
- Madison County
- School District
- Anderson Community
Listing courtesy of Ryan Orr from RE/MAX Real Estate Groups. Cell: 765-744-9500
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 