Investors alike are welcomed to the opportunity to acquire a 36-unit, fully occupied apartment building in the heart of Anderson, Indiana, that generates stable cash flow and long-term ROI.
The Mint Apartments offer nine one-bedroom/one-bathroom units averaging 784 square feet, and 27 two-bedroom/one-bathroom units averaging 852 square feet. The garden-style complex features an on-site laundry facility, a grassy courtyard, over 40 paved parking spaces, a pet play area, and a picnic area.
The complex has three shopping centers within 0.8 miles, which is about a 15-minute walk. The closest park, Mounds State Park, is 3.6 miles (8 minutes) away, and St. Vincent Anderson Regional Hospital is 3.4 miles away and is convenient to other hospitals, including Community Hospital of Anderson and Madison County.
The Mint Apartment’s 10-mile demographics indicate there are over 44,600 households in the 10-mile radius, expected to increase by 0.6% by 2030. Average household incomes are just shy of $80,000, and each year the realm generates more than $1.2 billion in consumer spending power.
Approximately 34% of households are renter-occupied, and 36% are one- and two-person occupied, signifying demand for small rental units in the immediate area.
Don’t miss the opportunity to acquire this stabilized housing asset with recent renovations, providing streamlined rental income.