403-405 W 5th Street
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.
Broker Details
RE/MAX Real Estate Groups (765) 288-0400
MLS ID: 36229 State License Number: RB14034624
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $114,900 |
| No. of Units: | 2 |
| Year Built: | 1885 |
| Lot Size: | 1,968.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $57,450 |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 2 |
ID: 3yd-MEINAR-202613964
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