A Hidden Gem Waiting to be Restored to its Original, Historic Beauty!
SALE PRICE $50,000 RENTS $500-$650
This 6-Unit, individually metered, Multi-Family Home is situated in the West Central Historical District in downtown Anderson! It is only minutes away from Anderson University! This property is ideal for someone looking to develop student housing!
Enjoy hiking and relaxing at the nearby state parks! Close to Harrah’s Hoosier Park Racing and Casino, multiple hotels and bed and breakfast facility.
There are currently (4) 1BR Units (2 of these units have the potential of being converted into 2 BRs) and 2 Efficiency Units.
There is great space to create parking on site at the rear of the home. Plenty of additional on-street parking as well.
Minimal Fire damage contained to 1 unit in the home. Full Rehab needed however some of the original construction is still present and salvageable- i.e. gorgeous, solid wood, 5 Panel doors! This helps maintain some of its original beauty!
The current owner has not actively rented the units since 2002, however rents at that time, topped $2,300 a month! Imagine what they will bring in now!
3,324 Sq. Ft. Total
Lot: 6,625 Sq Ft.More Photos Here