Description
Check out package website at www.andersonrentalpackage.com for all property addresses, more photos, video, rents, and to download the financials. 8 properties (3 quadplexes, 5 duplexes), 22 units rental portfolio package with all properties located in Anderson, Indiana. Currently 21/22 units occupied. 6 units recently renovated. 3 properties with new roof in the last 1.5 years. Leases recently move from month to month to year long and all rents recently increased to at or above current market rates with no loss of tenants. Great NOI boosting value add opportunity to put utilities on tenants. Current owner pays all utilities ($53,000 in 2021). New projected annual gross is $194,000. Cap rate 7.5%. Stable and cash flowing.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
Description
Check out package website at www.andersonrentalpackage.com for all property addresses, more photos, video, rents, and to download the financials. 8 properties (3 quadplexes, 5 duplexes), 22 units rental portfolio package with all properties located in Anderson, Indiana. Currently 21/22 units occupied. 6 units recently renovated. 3 properties with new roof in the last 1.5 years. Leases recently move from month to month to year long and all rents recently increased to at or above current market rates with no loss of tenants. Great NOI boosting value add opportunity to put utilities on tenants. Current owner pays all utilities ($53,000 in 2021). New projected annual gross is $194,000. Cap rate 7.5%. Stable and cash flowing.
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