1828 5th St | Anderson, IN 46012
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1828 5th St
Anderson, IN 46012
Fair Commons Apartments · Multifamily Property For Sale
·
42 Units
INVESTMENT HIGHLIGHTS
- - Student housing being sold as “market rent” apartments
- - Current student room rates are significantly above market rents
- - Over 200 dedicated parking stalls
- - Most sought-after student housing location on campus – fully leased
- - Opportunity to add at least 3 units; and opportunity to develop vacant 1 AC lot
- - Located on the eastern boundary of Anderson University
PROPERTY FACTS
| No. Units | 42 | Building Size | 43,371 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Dormitory | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2005 |
| Building Class | B | Parking Ratio | 7.14/1,000 SF |
| Lot Size | 4.60 AC | ||
| Zoning | R-4 - Residential | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Dormitory |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.60 AC |
| Building Size | 43,371 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 7.14/1,000 SF |
| Zoning | R-4 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+2 | 4 | - | - |
| 4+2 | 35 | - | - |
PROPERTY TAXES
| Parcel Number | 48-12-07-401-089.000-003 | Improvements Assessment | $0 |
| Land Assessment | $2,300 | Total Assessment | $2,300 |
PROPERTY TAXES
Parcel Number
48-12-07-401-089.000-003
Land Assessment
$2,300
Improvements Assessment
$0
Total Assessment
$2,300
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