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The Mint 2505 E 10th St 36 Unit Apartment Building $3,480,000 ($96,667/Unit) Anderson, IN 46012
INVESTMENT HIGHLIGHTS
- Fully Renovated in 2020, roof replaced 2018
- Well-Located Near Major Employment Drivers: SAICA manufacturing plant, RPM Transmission expansion, Old Dominion logistics facility
- No New Supply in 5-Mile Radius; 40% of Households are Renter-Occupied supporting sustained rental demand
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
| Price | $3,480,000 | Building Class | C |
| Price Per Unit | $96,667 | Lot Size | 2.32 AC |
| Sale Type | Investment | Building Size | 35,824 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Garden | Parking Ratio | 1.36/1,000 SF |
| Zoning | B-3 - Business | ||
| Price | $3,480,000 |
| Price Per Unit | $96,667 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.32 AC |
| Building Size | 35,824 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.36/1,000 SF |
| Zoning | B-3 - Business |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Patio
- Vinyl Flooring
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | $864.00 | 784 |
| 2+1 | 26 | $894.00 | 852 |
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PROPERTY TAXES
| Parcel Number | 48-12-17-200-003.000-003 | Total Assessment | $744,500 (2024) |
| Land Assessment | $116,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $628,500 (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
48-12-17-200-003.000-003
Land Assessment
$116,000 (2024)
Improvements Assessment
$628,500 (2024)
Total Assessment
$744,500 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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The Mint | 2505 E 10th St
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