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Property profile & analytics
OFF-MARKET
Residential income homes

4019 Columbus Ave Anderson, IN 46013

Entity Owned 5-yr Hold
Property ID
US31-1013140
Property summary
AI-generated overview

This exceptional investment opportunity presents a stabilized portfolio of seven single-family rental homes located at 4019 Columbus Ave, Anderson, Indiana, 46013. The portfolio boasts 100% occupancy as of August 31, 2024, generating a consistent income stream. Each unit is individually priced at $67,857.14, totaling an asking price of $475,000. The property is classified as Class C multifamily and consists of ten buildings, each housing one rental unit. This turnkey investment requires minimal effort, offering a reliable and robust return. The seller is open to selling individual properties with tenants in place, providing flexibility for potential buyers. This portfolio is ideal for both seasoned investors seeking portfolio expansion and newcomers aiming for a stable income stream. The properties have a proven history of strong rental performance, making them a secure addition to any investment strategy. This is a rare opportunity to acquire a diverse, income-generating, and professionally managed portfolio in a desirable location. The properties are situated in Madison County, Indiana.

Property profile
Verified
Property type Residential income homes
UPID US31-1013140
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Arive Family Dental Dental Office
  • Baker Chiropractic Clinic Alternative Medicine Practice
  • Robin R. Baker, DC Alternative Medicine Practice
  • DSA Inc Nursing Home Social Service Agency
  • Vaughan & Vaughan Injury and Accident Attorneys Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Babbitt Properties LLC · 5 yrs held
Babbitt Properties LLC
since 2020
2 recorded transactions
2020
$460,000
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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