Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Financing Type: Only cash offers will be considered Fix it up and keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46016 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,736 for both sides. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyer must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to distressed conditions All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2203-2205 George St (Duplex), 1818 Broadway, 1405 W 4th St, 1202 Home Ave, 1124 Home Ave, 1304 E 27th St, 125 E 35th St, 2939 Columbus Ave. All investment properties can be bought as a package or individually. See MLS listings.
Multi-familyProperty Type
1895Year Built
5,814 sq ftLot Size
Listed by Jordan Ice• Fair Market Value Investment Sales
Two unit investment property. 1 bedroom n bath on each side and includes living room and kitchen. Hardwood floors. Rents for $555/$565. Currently rented. Owner currently pays the utilities but house has separate meters and furnaces.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
—
Baths
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Stories
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Lot width
51 ft.
Lot depth
114 ft.
Lot size
—
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Madison County
APN
MAD11223
Parking Spaces
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Basement
—
Accessible
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HOA Dues
—
Garage
—
Features
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Last updated by owner on Apr 10, 2023.
R-4
Residential District
The R4 District will permit residential use without limitation as to the number of families to be housed in a building so long as the prescribed lot area per family can be provided. Many multi-family dwellings and two-family dwellings occur in the R4 District, as well as many large older homes which would be suitable for conversion to multi-family use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Multi-Family Financial Information
Gross Income: 0
Expenses: 0
Multi-Unit Information
# of Units: 2
Unit Type 1 Information
Kitchen: 150
Levels: 1
Rent: 0
Rent Frequency: Monthly
Unit Type: 1 Bedroom
Unit Type 2 Information
Kitchen: 150
Levels: 1
Rent: 0
Rent Frequency: Monthly
Unit Type: 1 Bedroom
Exterior
Property Features
Conversion: No
Property Information
Property Type: Residential Income
Property Sub Type: Duplex
Land Information
Current Use: Residential
Acres: <1/4 Acre
Lot Information
Lot Size Acres: 0.13
Road Access: Street Cuts
Utilities
Utility Information
Solid Waste Information: Yes
Location
School Information
Middle Or Junior High School: Highland Middle School
Intermediate School: Anderson Intermediate School
High School District: Anderson Community School Corp