714 College Dr.
- 10 Condo units
- 2-car attached garage
- Built in 1988
- Located on the border of Anderson University
- 100% occupancy
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,590,000 |
| No. of Units: | 10 |
| Average Occupancy: | 7.7 |
| Year Built: | 1988 |
| Lot Size: | 0.90 Acres |
| Opportunity Zone: | No |
| Price per unit: | $159,000 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout