714 College Dr - Apartments FOR SALE


Anderson, IN 46012
$1,999,995 USD
317-771-5494
714 College Dr, Anderson, IN for Sale
$1,999,995 USD
Apartments - FOR SALE
1/18
null | 6.37% Cap Rate

714 College Dr
Anderson, IN 46012


HIGHLIGHTS

  • 100% occupancy with tenant waitlist
  • Steps from Anderson University
  • Individually parceled condominiums

OVERVIEW

Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,450 annually, this asset offers investors cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.

FOR SALE DETAILS

PRICE

$1,999,995 USD

PRICE/SF

$116 USD /SF

# OF UNITS

10

PRICE/UNIT

$200,000

CAP RATE

6.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Terrace - Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

R-4 & B-1

APN/PARCEL ID

48-12-07-304-135.000-003,48-12-07-304-136.000-003,48-12-07-304-137.000-003,48-12-07-304-138.000-003,48-12-07-304-139.000-003,48-12-07-304-140.000-003,48-12-07-304-141.000-003,48-12-07-304-142.000-003,48-12-07-304-143.000-003

ASK ABOUT THIS PROPERTY

Joshua HoeftSVN | Northern CommercialMore Info
317-771-5494

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Joshua HoeftSVN | Northern CommercialMore Info
317-771-5494

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