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University Terrace - Portfolio 714 College Dr 10 Unit Apartment Building $1,790,000 ($179,000/Unit) 7.41% Cap Rate Anderson, IN 46012
Investment Highlights
- 100% occupancy with tenant waitlist
- Individually parceled condominiums
- Steps from Anderson University
Executive Summary
Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment
opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,450 annually, this asset offers investors cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this
stable, income-producing asset delivers both performance and peace of mind.
opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,450 annually, this asset offers investors cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this
stable, income-producing asset delivers both performance and peace of mind.
Data Room Click Here to Access
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,790,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $179,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.09 AC |
| Cap Rate | 7.41% | Building Size | 17,274 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 1.16/1,000 SF |
| Zoning | R-4 & B-1 - Residential | ||
| Price | $1,790,000 |
| Price Per Unit | $179,000 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 1.09 AC |
| Building Size | 17,274 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1988 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | R-4 & B-1 - Residential |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $1,600 | 1,735 |
| 2+2 | 6 | $1,600 | 1,685 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $989,400 | |
| Land Assessment | $181,000 | Total Assessment | $1,170,400 |
Property Taxes
Parcel Numbers
Land Assessment
$181,000
Improvements Assessment
$989,400
Total Assessment
$1,170,400
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University Terrace - Portfolio | 714 College Dr
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