About This Multi-Family Investment Property

Solid investment property with 100% occupancy. Rent rates have been constant since under current ownership so there is opportunity to increase rents as leases renew.

Location (Interactive Map):
4415 & 4425 Columbus Avenue
Anderson, Indiana, 46013
Madison County

Property Description:
Eight (8) unit all brick apartment building and a three (3) unit all brick building with long term tenants in place. Basement includes storage for each unit as well as coin operated laundry facility with washer and dryers for tenant use. Each unit has a covered parking area. Rent includes Electric, Gas, Sewer, and Water.

Financial Information:

• Asset Class: Multi-Family Residential
• Asking Price: $320,000
• Gross Income: $65,340
• Expenses: $30,108
• Net Income: $35,232
• Cap Rate: 11.00

Brochure, Plans & Links

• Columbus Ave. Apartments Brochure

Building Pictures

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