Check out the Income Stream Opportunities for this Anderson Property with 2 Buildings and 3 units for Rent. All units are Currently occupied with month to month long term renters.
The big house in front sports a main level renter with 2 bedroom and 1 bath at that level. In addition you have a 1 bedroom and 1 bathroom at the upstairs level as well. Total square footage for Building 1 is 1787 per Madison County Tax record. Utilities for this building cannot be separated and the landlord pays for water and electric. The Renters pay for gas in Building 1.
At the back of property you have building 2, which is a storage garage at the ground level and a 2 bedroom and 1 bathroom upstairs. The square footage for the upstairs shows 560 per Madison County Tax record. Rents for this property are $1450.00/ total per month gross and the average utility bills covered by the owner is $400.00 per month netting you just over $1,000.00 per month.
ARV up to $97k. But great income stream opportunity.
Please contact 317-550-1643 to make an appointment if you’re interested to see this property. It will be shown next Thursday, May 26 with one of our reps.