714 College Dr - Apartments FOR SALE


Anderson, IN 46012
$1,590,000 USD
317-771-5494
714 College Dr, Anderson, IN for Sale
$1,590,000 USD
Apartments - FOR SALE
1/50
null | 7.7% Cap Rate

714 College Dr
Anderson, IN 46012


HIGHLIGHTS

  • 100% Occupancy
  • Steps from Anderson University
  • Individually parceled condominiums
  • 2-car attached garages
  • 10-Unit Condo Portfolio

OVERVIEW

Located just steps fromAnderson 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 $122,401 annually, this asset offers investors immediate 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

$1,590,000 USD

PRICE/SF

$91 USD /SF

# OF UNITS

10

PRICE/UNIT

$159,000

CAP RATE

7.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University Terrace Condominiums

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-4 & B-1

APN/PARCEL ID

48-12-07-304-132.000-003

ASK ABOUT THIS PROPERTY

Joshua HoeftSVN | Northern CommercialMore Info
317-771-5494

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

Joshua HoeftSVN | Northern CommercialMore Info
317-771-5494

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