About This Home

This 2-bedroom, 2-bathroom commercial at 1422 Central Avenue in Anderson, IN is listed for $235,000. on a 0.24 acres lot.

Key Features

  • 0.24 acre lot
  • 2 stories

Property Details

2 stories
2 full
Listing Description

Investment opportunity featuring seven residential units divided between two buildings. Five units are currently occupied under written leases, generating a total of $3,665 per month in current rent. Two vacant units offer immediate value-add and additional income potential, with further potential for future rent increases. Convenient downtown location near shopping, employment and local amenities. Property is being sold subject to existing leases and tenants' rights. Rent roll and lease information are available.

Monthly Cost Estimate

$1,257/mo

20% down · 6.5% · 30 years

Principal$170
Interest$1,018
Insurance$69

Estimates only. Actual payments may vary.

Location

1422 Central Avenue

Anderson, IN 46016

Features & Amenities

Exterior Features

Storage Shed

Property Details

Construction

Aluminum Siding Brick

Heating

Other (Heating)Space HeaterNatural Gas

Questions & Answers

This 2-bedroom, 2-bathroom commercial at 1422 Central Avenue is listed at $235,000. The estimated monthly payment is $1,257 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 0.24 acre lot, 2 stories. Exterior Features: Storage Shed.

This property is listed by Candy Bair.

CB

Candy Bair

Agent at RE/MAX Real Estate Solutions

Listed by RE/MAX Real Estate Solutions · Broker phone: (765) 640-1900 · Broker website

MLS# 22127214· Source: Broker Listing Cooperative®· 39 days on PropertySimple

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1422 Central Avenue, Anderson, IN 46016

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