615 - 615 1/2 Madison Avenue
Anderson, IN 46016
This package features six consistently high-demand rental duplex properties (12 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: RE/MAX Real Estate Groups
Agency Contact: Cell: 765-744-9500
Agent Name: Ryan Orr
Shown By
Agent Name: Jay Tenuta
Agent Phone: (219) 324-1573
Agency Title: Coldwell Banker 1st Choice
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AGENT INFORMATION
Coldwell Banker 1st Choice Jay Tenuta (219) 324-1573
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615 - 615 1/2 Madison Avenue | MLS# 202613954
This multi-family property located at 615 - 615 1/2 Madison Avenue, Anderson, IN 46016 is currently listed for sale with an asking price of $112,900. - 615 1/2 Madison Avenue is located within the Anderson Community school district. Search Anderson real estate on jtenuta.coldwellbanker1stchoice.com today.