Investment Overview

Marcus & Millichap is pleased to present The Mint Apartments a 36-unit multifamily community located in Anderson, Indiana. Originally constructed in 1972 and extensively renovated in 2020, the asset features strong in-place income and operational stability, offering investors a turn-key acquisition with immediate cash flow. The property is offered free and clear of existing debt and offers a rare opportunity to acquire a renovated, stable asset in the Anderson Market. LOCATION Situated at 2505 E 10th Street, The Mint benefits from a prime location in Anderson’s growing residential corridor East of Indiana Highway 9. The property is located within minutes of the $77.3M SAICA Cardboard plant, RPM Transmissions new production facility, and the Wigwam Redevelopment. In addition to these new developments within Anderson, local employment is being driven by the expansion of the Old Dominion Warehouse alongside I-69 and the RaceTrac Retail Development Project that is putting $16M into enhancing the local community. OPPORTUNITY The property’s excellent location, coupled with being in great condition, offers the prospective investor the opportunity to acquire a stabilized, turn-key asset in a growing market. With no Inventory under construction in a 5 mile radius, the current condition of the asset, and local economic momentum positions the Mint Apartments as a low-risk, high-potential acquisition in the Indianapolis MSA.