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Multifamily

The Mint

2505 E 10th St, Anderson, IN 46012

Listing Price: Request For Offer

Number of Units
36
Occupancy
95.0%
Gross SF
30,060

Investment Overview

The Kuroiwa Group of Marcus & Millichap is pleased to exclusively represent The Mint Apartments. The Mint is a 36-unit apartment complex with a mix of nine 1-bedroom/1-bath and twenty-seven 2-bedroom/1-bath units. The property is in Anderson, Indiana, and less than an hour from the heart of downtown Indianapolis and less than 30 minutes from the college town of Muncie.

The Mint has undergone a recent renovation with quality interior finishes and an exterior face lift. The major improvements for this property include new plumbing, electrical wiring, and windows. Since the completion of renovations in September 2020 the property has leased up quickly to full occupancy. The quick lease up The Mint experienced shows high demand for this property and the opportunity to increase rents. Comparable properties in the area show the ability to increase 1-bedroom rents by $47 and 2-bedrooms by $35. Although there is opportunity to add value, the propertys current state provides investors with a strong immediate return.

Investment Highlights

  • Extensive renovations completed in 2020
  • 1- and 2- Bedroom Units
  • Centralized Courtyard

Exclusively Listed By

Listing Price: Request For Offer

Number of Units
36
Occupancy
95.0%
Gross SF
30,060

Investment Highlights

  • Extensive renovations completed in 2020
  • 1- and 2- Bedroom Units
  • Centralized Courtyard

Investment Overview

The Kuroiwa Group of Marcus & Millichap is pleased to exclusively represent The Mint Apartments. The Mint is a 36-unit apartment complex with a mix of nine 1-bedroom/1-bath and twenty-seven 2-bedroom/1-bath units. The property is in Anderson, Indiana, and less than an hour from the heart of downtown Indianapolis and less than 30 minutes from the college town of Muncie.

The Mint has undergone a recent renovation with quality interior finishes and an exterior face lift. The major improvements for this property include new plumbing, electrical wiring, and windows. Since the completion of renovations in September 2020 the property has leased up quickly to full occupancy. The quick lease up The Mint experienced shows high demand for this property and the opportunity to increase rents. Comparable properties in the area show the ability to increase 1-bedroom rents by $47 and 2-bedrooms by $35. Although there is opportunity to add value, the propertys current state provides investors with a strong immediate return.

Exclusively Listed By

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