1405 West 5th Street

Anderson, IN 46016

$95,000
Price
Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity - Tri-Plex with Bonus Income Potential! Unlock the potential of this tri-plex investment property! Featuring two spacious 2-bedroom, 1-bath units and a cozy 1-bedroom, 1-bath unit, this property offers diverse rental options. As a bonus, the property includes a 2-car garage, providing additional income potential when rented separately. Located in a desirable area, this is an ideal opportunity for investors looking to generate consistent rental income while building equity....Investment Opportunity - Tri-Plex with Bonus Income Potential! Unlock the potential of this tri-plex investment property! Featuring two spacious 2-bedroom, 1-bath units and a cozy 1-bedroom, 1-bath unit, this property offers diverse rental options. As a bonus, the property includes a 2-car garage, providing additional income potential when rented separately. Located in a desirable area, this is an ideal opportunity for investors looking to generate consistent rental income while building equity. With some strategic updates, this tri-plex could become a standout property in the rental market. Don't miss out-this investment is ready to work for you! Note: 1 unit is rent ready and 2 units need updates. None of the units are rented at this time.
  1. Listed by Butch Stanifer • Stanifer & Associates Real Est • butchstanifer@gmail.com

Property Details for 1405 West 5th Street

Subdivision Name
Evalyn
Township
Anderson
LISTING UPDATED: 02/01/2025 09:25 AM

Property Details for 1405 West 5th Street

StatusPending
MLS #22012232
Days on Market64
Taxes$650 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1965
Lot Size0.13 AC / 5,662 SF
CountyMadison County

Building Information for 1405 West 5th Street

Stories-Residences3Year Built1965Building Size-Lot Size0.13 AC / 5,662 SF

Property Information for 1405 West 5th Street

Summary
Location and General Information
  • City: Anderson
  • County Or Parish: Madison
  • Directions: GPS Friendly
  • Postal Code: 46016
  • Postal Code Plus4: 1394
  • Road Access: Not Applic
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 481111402121000003
  • Semi Annual Property Tax Amt: 650
  • Tax Year: 2023
  • TaxLot: 342
School Information
  • Middle Or Junior School: Highland Middle School
  • School District: Anderson Community School Corp
Parking
  • Garage Spaces: 1.0
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 5808.0
  • Lot Size Acres: 0.13
  • New Construction: False
  • Year Built Numeric: 1965
  • Living Area Source: Assessor
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • DPRYN: Yes
  • Legal Subdivision: Evalyn 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:
  • Photos Count: 25
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: Yes
Interior and Exterior Features
Interior Features
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 3
Income & Expenses
  • Expenses: 0
  • Gross Income: $.00
Unit 1
  • Unit Kitchen: 120
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 2
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom
Unit 3
  • Unit Kitchen: 100
  • Unit Levels: 1
  • Unit Rent Frequency: Monthly

Property History for 1405 West 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1405 West 5th Street

Taxable ValueLand$6,600Additions$57,200Total$63,800
Tax Record2023$1,300 ($108 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,787 SqFtAbove Grade Finished SqFt1,787 SqFtStories2Lot Size5,808 SqFtStyleSingle Family ResidenceYear Built1965CountyMADISONAPN48-11-11-402-121.000-003

Schools near 1405 West 5th Street

This home is within Anderson Community School Corp.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 7 to 8
Public - 9 to 12
Public - 6 to 10
Rating
School
Distance
Eastside Elementary School
PublicK to 4

Highland Jr High School
Public7 to 8

Anderson High School
Public9 to 12

COMPASS Alternative School
Public6 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Stanifer & Associates Real Est

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.