2223 Nichol Ave - Multi-Family FOR SALE


Anderson, IN 46016
$79,000 USD
317-537-7115
2223 Nichol Ave, Anderson, IN for Sale
$79,000 USD
Multi-Family - FOR SALE
1/89
null | Request Cap Rate

2223 Nichol Ave
Anderson, IN 46016


HIGHLIGHTS

  • Easily accessible
  • High traffic location

OVERVIEW

Investor Opportunity! Commercial multi-use property with 9,582 sqft, featuring some deficiencies but priced to sell. The property includes two large open areas that can be adapted for various business uses, such as retail, events, or creative studios. It also has several offices for administrative tasks or meetings. Additionally, two apartments can serve as residences or generate rental income. A four-bay garage provides ample storage or workshop space. The property is located on a prominent corner, offering easy access from city streets on three sides. This property presents challenges but is priced to sell, making it a great opportunity for investors or developers seeking strong returns. Sold AS-IS, it's perfect for someone with a creative vision. With a prime location and plenty of square footage, this building has significant potential.

FOR SALE DETAILS

PRICE

$79,000 USD

PRICE/SF

$7 USD /SF

# OF UNITS

3

PRICE/UNIT

$26,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

Commercial

APN/PARCEL ID

48-11-14-202-102.000-003,48-11-14-202-103.000-003,48-11-14-202-104.000-003

ASK ABOUT THIS PROPERTY

Kevin MajeskiCarpenter RealtorsMore Info
317-537-7115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kevin MajeskiCarpenter RealtorsMore Info
317-537-7115

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.