1120 E 30th St, Anderson

Don't miss this prime value-add opportunity at 1120 E 30th St in Anderson, IN-an 8-unit, all-brick apartment building perfectly positioned on a spacious 1/4-acre lot that runs street to street on a quiet dead-end street. With six units currently rented and two vacant, this property offers immediate income with upside potential through strategic renovation and rent/utility optimization. Each unit features a consistent 1 bed, 1 bath layout with a living room, formal dining room, galley kitchen, and full bath, providing a functional and desirable setup for tenants. Electricity and gas are separately metered, and currently the owner is paying all utilities, giving savvy investors an opportunity to pass utility costs to tenants when the leases renew to further boost NOI. Coin operated laundry facilities could be put in the basement to generate additional revenue. The building includes front and rear covered common entrances with interior hallways on both levels, offering controlled access and added security for residents. Located just south and east of downtown Anderson, this is a sought-after area for rentals thanks to its proximity to key amenities.