2432 Main Street Anderson, IN $ 297,000
2432 Main Street
$ 297,000
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2432 Main Street

Anderson, IN, 46016
$ 297,000
Baths0.0 Sq 3,984

Monthly Estimate*

$ 2,075

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Studio

Commercial Property for sale in Anderson, IN

for $297,000. This 3,984 square foot building was built in 1949 on a lot size of 0.07.

This 5 unit apartment building located 2 miles south of the Anderson Central Business District has become available to purchase. The city bus line is one block to the west. A Kroger's grocery is located within walking distance. Apt 2 is a recent vacancy and is receiving fresh paint and new carpeting. These apartments lease up quickly. Some long term tenants. Four 2 BR/1 BA apartments and 1 Efficiency. A storage area with rental income is located in the attached garage. Street parking only. A coin operated washer and dryer is available for tenants' use. Income of approximately $100 each month is received from the washer/dryer. The landlord pays all utilities. The good rental rates cover the utility costs. Two of the three GFA furnaces are newer; no air units. Roof approximately 10 years old. Within past 5 years: Electrician installed a new electric panel and new wiring throughout. Also, new Pex plumbing throughout. Financial figures are available for serious buyers. On-site tours of apartments are available for serious buyers providing a pre-approval letter, if financing, and proof-of-funds, if a cash purchase. (Apts vary in sizes and room layouts; all similar cabinetry.)

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Commercial Active

Price

$ 297,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,502

Style

Multi-Family 5+

Lot Size

0.07

Year Built

1949

Town/City

Anderson

County/Region

Madison

MLS | Web ID

21961833

Features
General
Heating Forced Air Gas SpaceWallUnit
Cooling None
Utilities Electricity Connected Gas Sewer Connected Water Connected
Possession Subject To Tenants Rights
Roof Fiberglass Rubber
Exterior Features Lighting
Zoning R-4
Garage Spaces 2
Architectural Style TraditonalAmerican
Construction Materials Block Vinyl Siding
Year Built 1949
Township Anderson
Levels Two
Property SubType Multi-Family 5+
Tax Year 2023
Current Use Apt<20
County Madison
New Construction N
Property Type Commercial Sale
Facing Direction West
Possible Use Apt<20
Status Active
Directions GPS Friendly
City Anderson
Buyer Agent Compensation 3
High School District Anderson Community School Corp
Total Units 5
MLS Area 4813 - Madison - Anderson SE
Lot Size Square Feet 3049
Carport Spaces 0
Street Name Main
Property Attached Y/N Y
Current Financing Conventional
Middle/Junior High School Highland Middle School
Additional Parcels Y/N N
Days on Market 56
Structure Type Apartment Building
Standard Status Active
Tax Lot 48-11-13-404-073.000-003
Buyer Agent Compensation Type %
Legal Description B H Gedges Lot 70
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Exterior
Parking Features Street Only
Lot Features City Lot Curbs Sidewalks
Foundation Details Slab
Building Area Total 3984
Lot Size Acres 0.07
Road Surface Type Asphalt
Road Frontage Type City Street
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Interior
Basement (Y/N) N
Street Suffix Street
Laundry Features Common Laundry Main Level
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* Excluded Features
List By
Engel & Volkers

Broker

Carol.miller@evrealestate.com

Email

Affordability Calculator

$2,283
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,075
Monthly Property Taxes
$209
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044991 Elementary School
4490853 Middle School
Unknown High School High School
Pricing History
Date Price Price Change Description
4/15/2024 $297,000 -1.00% Price Down
2/5/2024 $300,000 Listed Price

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2432 Main Street, Anderson, IN, 46016 is a Commercial Property for sale at $297,000 with 3,984 sqft and a lot size of 0.07. 2432 Main Street is a studio with 0.0 baths and was built in 1949. The property's zip code is 46016 which is in Anderson, IN