Anderson, IN 46013,4201-4203 Mellen DR
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Anderson, IN 46013,4201-4203 Mellen DR
Anderson, IN 46013,4201-4203 Mellen DR
Anderson, IN 46013,4201-4203 Mellen DR
Anderson, IN 46013,4201-4203 Mellen DR
Listed by Jordan Ice • Fair Market Value Investment Sales

$185,000

Est. payment /mo

$190,800

3.0%
Est.Price: ?

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4201-4203 Mellen DR Anderson, IN 46013

0.31 Acres Lot

SOLD DATE : 04/30/2024

Key Details

Sold Price $185,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Subdivision Hilltop Heights

MLS Listing ID 21964908

Sold Date 04/30/24

Year Built 1971

Tax Year 2023

Lot Size 0.310 Acres

Acres 0.31

Property Description

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. Currently a rental, Keep it as a rental and raise rents to fair market value when current lease expires. (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Financials: Currently leased out for a total of $1,650 per month. Unit 1 - Leased out for $800 per month (Month to Month) Unit 2 - Leased out for $850 per month (Month to Month) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46013 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $2,280 per month. Property can be sold as a package deal with a SFR or individually. 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 current tenant occupancy. Tenant rights do apply until lease expires. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract buyer may conduct physical inspection to verify the condition of property. 1913 Norwood Pl priced at $130,000 can be bought with this investment property as a package or individually. See MLS listing. Walkthrough times are as follows: Available Monday through Friday until 5pm. Available all day Saturday.

Location

State IN

County Madison

Interior

Cooling Central Electric

Fireplace N

Exterior

Garage Spaces 2.0

Building

Story One

New Construction false

Schools

Middle Schools Highland Middle School

School District Anderson Community School Corp

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