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1002 E 7th Street, Anderson, IN 46012
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$1,790,000
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Home Details for 1002 E 7th Street
Price
$1,790,000
Type
Multi Family
Year Build
1988
County
Madison
Garage
2
Basement
Crawl Space
MLS®️ Listing#
22056949
On exitrealty.com
145 days
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.
- Utilities
- Electricity Connected
- Natural Gas Connected
- Sewer Connected
- Water Connected
- Cooling Information
- Central Air
- Parking
- Attached
- Basement
- Crawl Space
Listing Courtesy: Kaiser Real Estate Corp. - 317-843-8446
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Last Updated: 2025-12-19 20:18:33
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Market statistics compiled from data from Metropolitan Indianapolis Board of REALTORS.
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$1,790,000
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EXIT STRATEGY REALTY
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