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2102 Broadway St
Anderson, IN 46012
Retail Property For Sale
EXECUTIVE SUMMARY
This property is currently generating strong, stable cash flow with a total rental income of $3,600 per month. Annual operating expenses are low, with taxes at $1,910.82, insurance about $2,000, and approximately $1,000 per year in additional maintenance. The property delivers an impressive ~9.6% cap rate, making it an attractive opportunity for both new and seasoned investors.
The tenants are long-term and pay on time, and the property has been well-maintained with minimal owner involvement. This is a turnkey investment with solid financial performance and room for future growth.
Serious buyers only. Contact seller for rent rolls, expense docs, or to schedule a showing.
The tenants are long-term and pay on time, and the property has been well-maintained with minimal owner involvement. This is a turnkey investment with solid financial performance and room for future growth.
Serious buyers only. Contact seller for rent rolls, expense docs, or to schedule a showing.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,200 SF
Building Class
C
Year Built
1953
Price
$400,000
Price Per SF
$125
Cap Rate
9.57%
NOI
$38,289
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.16 AC
Zoning
B-1
Parking
8 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
86’ on E Claire St
PROPERTY TAXES
| Parcel Number | 48-08-36-400-317.000-019 | Improvements Assessment | $51,300 |
| Land Assessment | $8,000 | Total Assessment | $59,300 |
PROPERTY TAXES
Parcel Number
48-08-36-400-317.000-019
Land Assessment
$8,000
Improvements Assessment
$51,300
Total Assessment
$59,300
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