About 403-405 W 5th Street
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.
Features of 403-405 W 5th Street
| MLS® # | 202613964 |
|---|---|
| Price | $114,900 |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,968 |
| Acres | 0.15 |
| Year Built | 1885 |
| Type | Multifamily |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 403-405 W 5th Street |
|---|---|
| Subdivision | Other |
| City | Anderson |
| County | Madison County |
| State | IN |
| Zip Code | 46016 |
Amenities
| Features | Basement |
|---|---|
| Parking Spaces | 4 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Other |
|---|---|
| Heating | Gas, Forced Air |
| Cooling | None |
| # of Stories | 2 |
| Stories | Two Story |
| Has Basement | Yes |
| Basement | Crawl, Partial Basement, Unfinished |
Exterior
| Exterior | Other |
|---|---|
| Lot Description | Level |
| Construction | No |
School Information
| District | Anderson Community |
|---|---|
| Elementary | Anderson |
| Middle | Highland |
| High | Anderson |
Additional Information
| Days on Market | 146 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | No |
| HOA Fees Freq. | Not Applicable |
Listing Details
| Agent | Ryan Orr |
|---|---|
| Office | RE/MAX Real Estate Groups |
| Contact Info | Cell: 765-744-9500 |