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1222 Nichol AVE Anderson, IN 46016
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Key Details
Sold Price $350,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22036964
Sold Date 09/29/25
Year Built 1916
Tax Year 2024
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type Quadruplex
Property Description
This is a fantastic chance to own a well-located, 4-unit multi-family property in Anderson, Indiana. Perfect for investors looking for immediate income and long-term potential. This property features 4 separate units, offering diverse unit mixes including a 4 bedroom and 3 bathroom apartment. All units have been upgraded with new flooring and fixtures throughout both buildings. Gross monthly rent potential of over $3000 and a cap rate of 9%. Property sits within walking distance to Anderson University. Anderson is an emerging market with a growing rental. Additional information can be obtained by reaching out to the broker.
Location
State IN
County Madison
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
Middle Schools Highland Middle School
School District Anderson Community School Corp
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