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29344117
29344115

2105 Drexel Dr, Anderson, IN 46011

AB
IN RB22002421
$2,950,000
133 days on market
Updated 133 days ago
Opportunity zone

34-Unit Mixed Residential Portfolio

Details
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Units 34
Cap Rate 7.85%
NOI $231,677
Occupancy 85%
Buildings 17
Ownership 100
Sale Condition For sale by owner

Multifamily | 34 Units | $86,765/unit

Marketing description

This offering presents an opportunity to acquire a 34-unit diversified residential portfolio consisting of single-family homes, duplexes, triplexes, quadplexes, and one 5-unit building across Anderson, IN with one asset in Indianapolis, IN. The portfolio is well-balanced between stabilized cash-flowing assets and light value-add opportunities, making it ideal for investors seeking immediate income with additional upside.

The majority of the portfolio is currently occupied with strong in-place rents, minimal deferred maintenance, and limited near-term capital needs. Several properties offer clear rent growth potential, including a few vacant units, under-market rents, and additional income opportunities through garage rentals, efficiency units, and unit additions. Select assets include Section 8 tenants, providing reliable, government-backed income while maintaining diversification across tenant types.

Property types include:

  • Side-by-side duplexes

  • Upper/lower duplexes

  • Triplexes and a quadplex

  • Single-family homes (including two homes on one parcel)

  • A 5-unit building with garage space and potential to add additional units

Investment highlights

Most Units Fully Rehabbed

Healthy Unit Mix

Listing Contacts

AB
IN RB22002421

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,677.00
$19,306.42/mo

Valuation Metrics

0
DSCR
7.85%
Cap Rate
7.85%
ROI

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Additional Information

Name
Alyssa Burton
License
RB22002421
Brokerage
Inspired Realty
Brokerage Phone
3177627002
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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