Madison County, Anderson, IN 46016
7 bd4 ba5,115 sfBuilt 1815
Gross spread$85,000
Description
Brick 2-story fourplex in Anderson, IN. A value-add rental already cash-flowing on day one. Three of four units are renovated, leased, and stabilized, with the fourth vacant and ready for a cosmetic rehab to unlock full upside. Rent Roll: Unit 1 — 2BR/1BA — Vacant, needs rehab — projected $1,000/mo Unit 2 — 2BR/1BA — Rented — $1,000/mo Unit 3 — 1BR/1BA — Rented — $850/mo Unit 4 — 2BR/1BA — Rented — $900/mo In-place: $2,750/mo ($33,000/yr) → Stabilized: $3,750/mo ($45,000/yr) Big-ticket capital is already done: new roof, new windows, and new gutters, so your spend goes into finishing one unit, not the building envelope. Full basement, detached garage, ~5,115 sq ft on a 0.17-acre lot. Recent Anderson small-multifamily comps have closed $210K–$257K, leaving a healthy spread for buy-and-hold investors who want in-place income with a clear forced-appreciation lever. If you want to walk through the property, please give us a call/text us at [contact details hidden]!
$/sqft vs market
Median of 17 comparable listings matched on ZIP. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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