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The Tower 1109 Jackson St 40 Unit Apartment Building $3,580,000 ($89,500/Unit) Anderson, IN 46016
INVESTMENT HIGHLIGHTS
- Comprehensive 2019 Interior Renovation Plus $250K exterior tuckpointing
- Zero New Supply in 5-Mile Radius with 40% Renter-Occupied Households supporting stable demand
- Downtown Location Near Major Redevelopments: Wigwam adaptive reuse, new RaceTrac retail, and $77M SAICA manufacturing facility
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $3,580,000 | Building Class | C |
| Price Per Unit | $89,500 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 42,120 SF |
| No. Units | 40 | No. Stories | 12 |
| Property Type | Multifamily | Year Built/Renovated | 1929/2021 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Zoning | M2 - retail/office/ medical,food | ||
| Price | $3,580,000 |
| Price Per Unit | $89,500 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 42,120 SF |
| No. Stories | 12 |
| Year Built/Renovated | 1929/2021 |
| Parking Ratio | 1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | M2 - retail/office/ medical,food |
AMENITIES
UNIT AMENITIES
- Microwave
- Refrigerator
- Sprinkler System
- Range
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Security System
- Vintage Building
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 375 |
| 1+1 | 36 | - | 500 |
| 2+2 | 3 | - | 800 |
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 48-11-13-102-128.000-003 | Total Assessment | $1,649,600 (2024) |
| Land Assessment | $5,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,644,100 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
48-11-13-102-128.000-003
Land Assessment
$5,500 (2024)
Improvements Assessment
$1,644,100 (2024)
Total Assessment
$1,649,600 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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The Tower | 1109 Jackson St
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