Single Family Rental Portfolio

Multi-Family for Sale
Catylist Listing ID: 30814792
Number of Units: 29 Units
Building Size (RSF): 950 SF
Gross Building Area: See Agent
Sale Price: $2,160,000
Unit Price: $74,482.76 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 6.84%
Last Updated: 9/28/2022

Overview / Comments

Single family residential portfolio located in Anderson, IN. Most units have been rehabbed since 2019 (including new roofs) and several are currently in the process of being rehabbed. Tenants pay utilities. Value add opportunity as there are several long term tenants with older leases.

Pro forma NOI of $147,745

Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Madison
Tax ID/APN: 48-11-02-202-078.000-003
Total Number of Buildings: 26
Property Condition: Average

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,922 36,702 63,371
Median Age: 44.78 36.58 39.05
Households: 1,437 14,416 26,263

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