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University Square Apartments

1910-1930 E. 7th Street

Anderson, IN 46012    Map Listing...

Catylist ID: 2012097

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Listing Actions

Bird's Eye View

Property Type:

Multi-Family for Sale
Mid-Rise
Building Size (RSF): 49,800 SF
Sale Price: $1,155,000
Building Name: University Square Apts
Property Status: Existing
Total Land Size: 2 Acres
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 8/16/2010

Property Overview

One block off main road of Scatterfield in Anderson.
55 units, 1 model office, 1 studio, 8-1 bedrooms and
45- 2 bedrooms. On site leasing/management office and maint. 3 Fully bricked buildings, low maintenance exteriors with 39 carports and more than enough infront parking. Close to downtown and shopping on a quiet street. Out of state owner wanting to scale back investments. 89% occupancy now with the model and storage area being used for on site care. 21,000 per unit. Great investment with everything in place to take over.
Financials available upon request.

Additional Details

Nearest MSA: Anderson
County: Madison
Tax ID Number/APN: 481851046,49,51,55,000001003
Property Use Type: Investment
Zoning: 403, 40 or more units

2000 CensusDemographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,275 51,652 77,097
Median Age: 33 35 37
Households: 3,642 21,276 32,257
Avg. Household Income: $44,910 $44,527 $47,653
More Demographic Statistics

For More Information, Contact…

Photograph of Listing Agent
Lynn S. Fischer Fischer & Associates
317-250-7364 [Office] 317-250-7364 [Mobile] 317-485-7164 [Fax] Send Email, View Profile

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Note: The information presented herein is provided as is, without warranty of any kind. Neither Indiana Commercial Board of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.