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1910-1930 E 7th
Anderson, IN 46012

University Square Apartments · Residential Property For Sale · 55 Units

PROPERTY FACTS

No. Units 55
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class B
Lot Size 2.86 AC
Building Size 45,628 SF
Average Occupancy 89%
Number of Floors 3
Year Built/Renovated 1964/2004
Parking Ratio 2.63/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Property Manager on Site
  • Maintenance on site

About 1910-1930 E 7th , Anderson, IN 46012

This is a well developed apartment community. 3 independent buildings with plenty of parking in the front of the buildings and the back in carports However that area could be better used if converted to storage units for the tenants. Lovely park like setting with a wide demographic. The owner has been putting money into these buildings in the last year or two with new boilers, removing carpets and refinishing the hardwoods, bathrooms and appliances, plus replacing the carpets on the bottom levels when they turn with vinyl plank flooring. All units have air-conditioning with boiler heating plus laundry in every building. This complex attracts students to seniors. The net amount reflects the improvements being made. Owner plans on putting new roofs on all buildings before year end. Stays rented from 85-90% depending on the new rehabbing.

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 1 - 64
1+1 10 - 620 - 710
2+1 44 - 750 - 925

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 48-12-07-404-024.000-003
  • 48-12-07-404-018.000-003
  • 48-12-07-404-032.000-003
Land Assessment
£159,018
Improvements Assessment
£813,042
Total Assessment
£972,059

zoning

Zoning Code 403
403
  • Listing ID: 9493729

  • Date on Market: 08/10/2017

  • Last Updated:

  • Address: 1910-1930 E 7th, Anderson, IN 46012

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