Madison County, Anderson, IN 46016

6-unit apartment building in Anderson, IN (Madison County) — a tertiary Indiana cash-flow market — offering in-place income plus a short, low-risk path to full occupancy. The street side has already been renovated with new siding, windows, and roof (~2022–2023, permitted), and the county improvement assessment reflects it, climbing from $22K (2022) to $277K (2026). A property manager is already in place at 10%. Unit mix: two studios, two 1-bed/1-bath, and two 2-bed/1-bath (5,676 sqft gross, 0.10 ac lot). Rent roll: Unit 1 — 1/1 — $860 — Vacant (renovated, rent-ready) Unit 2 — 2/1 — $950 — Rented Unit 3 — 1/1 — $850 — Vacant (renovated, rent-ready) Unit 4 — 2/1 — $950 — Rented Unit 5 — Studio — $821 — Rented Unit 6 — Studio — $650 — Needs rehab In-place rent (3 units): $2,721/mo · $32,652/yr. Full gross potential (all 6): $5,081/mo · $60,972/yr. The two vacant units (1 & 3) are already renovated and rent-ready — lease them and you're at $4,431/mo with no rehab. Unit 6 is the only true rehab, a small studio turn for the final $650/mo. The value here is that the big-ticket capital (roof, siding, windows on the street side) is already done and two of the three vacant-or-light units are finished — so the lease-up risk is minimal and the path to ~$61K/yr gross is short. Ideal for a buy-and-hold or small-multifamily investor who wants cash flow day one with built-in upside as units turn. Call/Text us at [contact details hidden] to set-up access!