2122 Pearl ST new Save Request In-Person Tour Request Virtual Tour
Anderson,IN 46016
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22068619
Year Built 1890
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Quadruplex
Property Description
Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.
Location
State IN
County Madison
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Building
New Construction false
Schools
School District Anderson Community School Corp