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$ 112,900
Est. payment /mo
Active
1815 & 1815 1/2 Fletcher Street Anderson, IN 46016
4 Beds
3 Baths
2,058 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,058 sqft
MLS Listing ID 202613960
Style Two Story
Bedrooms 4
Full Baths 2
Half Baths 1
Abv Grd Liv Area 2,058
Total Fin. Sqft 2058
Year Built 1884
Annual Tax Amount $750
Tax Year 2025
Lot Size 5,662 Sqft
Property Sub-Type Duplex
Property Description
This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Location
State IN
County Madison County
Area Madison County
Direction GPS Friendly
Rooms
Family Room 995
Dining Room 0 x 756
Interior
Flooring Other
Appliance Building, Lease
Laundry , 4
Exterior
Amenities Available Basement
Total Parking Spaces 4
Building
Lot Description Level
Story 2
Structure Type Vinyl
New Construction No
Schools
Elementary Schools Anderson
Middle Schools Highland
High Schools Anderson
School District Anderson Community
IDX information provided by the Indiana Regional MLS
Listed by Ryan Orr • RE/MAX Real Estate Groups • Cell: 765-744-9500