2222 E 10th Street, Anderson, IN 46012

Property Description

Investor Alert - Fully Rented Quad That Substantially Exceeds the 1% Rule! 2222/2224 East 10th Street, Anderson, IN 46012 This all-brick quadplex is a true money maker, generating $3,000/month in gross rent! All four units are fully occupied with stable, long-term tenants, providing immediate and consistent cash flow. Unit Breakdown: 2222 Up: 2 BR / 1 BA - $800/month (+$25 cat fee). Long-term tenant well below FMV ($1,054). 2222 Down: 1 BR - $700/month. 2224 Up: 1 BR + Den - $750/month. 2224 Down: 1 BR + Den - $750/month. Owner pays all utilities. Each side (2222 and 2224) shares one furnace and one water heater, keeping maintenance simple and operating costs manageable. Lower units do not control thermostats, but this setup has worked smoothly for years. Built solid with brick exterior, this property offers durability, reliability, and ease of management. Conveniently located near shopping, schools, and main routes in Anderson. Total Monthly Income: $3,000 Total Annual Income: $36,000