Opportunity is knocking! Here is your chance to purchaseΒ 100% OccupiedΒ 5 Unit Apartment BuildingΒ in Anderson, Indiana. This property isΒ currently grossing $3,555 a month. Market rent comps show thisΒ could be raised to $3,931Β easily.Β Β Gross Scheduled Income is $48,060Β on Actuals! Owner currentlyΒ collects an additional $5,400Β per year for one garage rental and utilityΒ reimbursements.Β
All tenants are onΒ 12 month leases. Has a Laundry Room with pay washer and dryer available for all tenants. (i.e., more cash flow) Has a garage with a shower, toilet, and sink that could be finished out toΒ make this a six unit property. Owner currently pays for water, sewer, and trash removal, but has raised rents to offset this expense.Β