1222 Nichol Avenue, Anderson, IN 46016
- $350,000
- Sold Price
- $350,000
- List Price
- $425,000
- Closing Date
- Sep 29, 2025
- MLS#
- 22036964
- Days on Market
- 147
- Status
- SOLD
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.
Additional Information
- Expenses
- 8096
- Tenant Pays
- All Utilities
- Owner Pays
- Not Applic
- Stories
- Two
- Acres
- 0.43
- Financing
- Exchange - 1031, Conventional, FHA
- Region
- Anderson
Mortgage Calculator
Listing courtesy of Ellsbury Commerical Group. Selling Office: Ellsbury Commerical Group.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative