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Listed by Peter Stewart • Keller Williams Indpls Metro N
$ 360,000
Est. payment /mo
New
1120 E 30th ST Anderson, IN 46016
7,344 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Active
Purchase Type For Sale
Square Footage 7,344 sqft
Price per Sqft $49
MLS Listing ID 22041059
Year Built 1928
Tax Year 2024
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Multi-Family 5+
Property Description
Investor Alert! Don't miss this prime value-add opportunity at 1120 E 30th St in Anderson, IN-an 8-unit, all-brick apartment building perfectly positioned on a spacious 1/4-acre lot that runs street to street on a quiet dead-end street. With six units currently rented and two vacant, this property offers immediate income with upside potential through strategic renovation and rent/utility optimization. Each unit features a consistent 1 bed, 1 bath layout with a living room, formal dining room, galley kitchen, and full bath, providing a functional and desirable setup for tenants. Electricity and gas are separately metered, and currently the owner is paying all utilities, giving savvy investors an opportunity to pass utility costs to tenants when the leases renew to further boost NOI. Coin operated laundry facilities could be put in the basement to generate additional revenue. The building includes front and rear covered common entrances with interior hallways on both levels, offering controlled access and added security for residents. Located just south and east of downtown Anderson, this is a sought-after area for rentals thanks to its proximity to key amenities. You're just 5 minutes from downtown, Anderson University, and Harrah's Casino & Racetrack, and within 10 minutes of golf courses, Mounds State Park, shopping, dining, and major freeways. With its solid bones, ideal unit mix, and outstanding location, this property is a perfect match for the savvy investor looking to unlock value through cosmetic updates and operational improvements. Add this to your portfolio and capitalize on the growth and rental demand in Anderson. Property sold as-is, no seller financing.
Location
State IN
County Madison
Zoning R3
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Water Connected
View Y/N false
Building
Story 2
Architectural Style Multi-Level
Structure Type Brick
New Construction false
Schools
School District Anderson Community School Corp
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