Chris Ambrosetti - Commercial Real Estate Showcase

Chris Ambrosetti Property Listings
Broadway Realty
2319 Broadway St
Anderson, IN 46012

1102 Central Avenue - Beverly Terrace Apartments

Anderson, IN 46016-2789 - Anderson MF Submarket

Property Type:Multi-Family Number of Units:39 Status:Existing Year Built:1927
Stories:3 Building Size:44,176 SF Land Area:.24 AC (10,454 SF)
For Sale Price:$525,000 Price/Unit:$13,461.54 Cap Rate:- GRM:-

Parking:.83 Parking Spaces / 1,000 SF

Renovations have been halted until a new buyer is found. 11% cap is a pro forma considering that the property is currently vacant

Sale Notes:
Beverly Terrace apartment Building 3 story with a lower level Commercial space, 40 units total has 18 1 Bedroom units,18 2 Bedroom units 2 units with 3 bedrooms and 2 double units Investment opportunity to buy outright or partner with owner to complete. Cap rate based on a completed 90 % occupied building. All figures are estimated.
Pro Forma Cap Rate: 11%

Downtown Anderson on Central Avenue

Broadway Realty
Chris Ambrosetti
(765) 289-8805

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