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4201-4203 Mellen DR Anderson, IN 46013
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Key Details
Sold Price $185,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Hilltop Heights
MLS Listing ID 21964908
Sold Date 04/30/24
Year Built 1971
Tax Year 2023
Lot Size 0.310 Acres
Acres 0.31
Property Description
Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Currently a rental, Keep it as a rental and raise rents to fair market value when current lease expires. (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Financials: Currently leased out for a total of $1,650 per month. Unit 1 - Leased out for $800 per month (Month to Month) Unit 2 - Leased out for $850 per month (Month to Month) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46013 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $2,280 per month. Property can be sold as a package deal with a SFR or individually. Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyer must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to current tenant occupancy. Tenant rights do apply until lease expires. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract buyer may conduct physical inspection to verify the condition of property. 1913 Norwood Pl priced at $130,000 can be bought with this investment property as a package or individually. See MLS listing. Walkthrough times are as follows: Available Monday through Friday until 5pm. Available all day Saturday.
Location
State IN
County Madison
Interior
Cooling Central Electric
Fireplace N
Exterior
Garage Spaces 2.0
Building
Story One
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp
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