602 Meridian Street Anderson, IN $ 625,000
602 Meridian Street
$ 625,000
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602 Meridian Street

Anderson, IN, 46016
$ 625,000
Baths0.0 Sq 13,210

Monthly Estimate*

$ 4,366

602 Meridian Street, Anderson, IN 46016 - Image 1
602 Meridian Street, Anderson, IN 46016 - Image 2
602 Meridian Street, Anderson, IN 46016 - Image 3
602 Meridian Street, Anderson, IN 46016 - Image 4
Studio

Commercial Property for sale in Anderson, IN

for $625,000. This 13,210 square foot building was built in 1895 on a lot size of 0.18.

This is a 12 Unit building in Anderson. There are six one bedrooms and six 2 bedrooms. There is a small parking area on the south side of the building for the tenants to use. There is also a covered Parking area behind the building for $15.00 a month per space. There are storage units in the basement for the tenants on levels 2 and 3. Level one tenant's have a room in the back of their apartment for storage. Room sizes are approximate. Each apartment has a small deck or patio for their use on the back of their apartment. There are stoves, refrigerators, microwaves, dishwasher and w/d in most apartments. Water softener's are located in the basement at the back of the building. Alarms are in each unit, not hooked into the police department, but loud when they go off.

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Commercial Pending

Price

$ 625,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,774

Style

Multi-Family 5+

Lot Size

0.18

Year Built

1895

Town/City

Anderson

County/Region

Madison

MLS | Web ID

21897667

Features
General
Utilities Cable Connected Electricity Connected
Possession Closing Subject To Tenants Rights
Roof Asphalt
Zoning R2
Garage Spaces 0
Architectural Style Multi-Level
Security Features Smoke Alarm Security System
Construction Materials Brick
Year Built 1895
Tenant Pays Security Cable TV Carpet Cleaning Carport Available Insurance
Township Anderson SE
Levels Tri-Level
Property SubType Multi-Family 5+
Tax Year 2021
Current Use Multi-Family
Building Name HANNAH & HAZLETT
Additional Parcels Description 481112402145000
County Madison
Net Operating Income 71239
New Construction N
Property Type Commercial Sale
Subdivision Name Hannah & Hazlett
Facing Direction West
Possible Use CommMulTen
Total Rooms 0
Status Pending
Directions Located at the corner of 6th St. and Meridian Street downtown Anderson
High School Anderson High School
City Anderson
Buyer Agent Compensation 3
High School District Anderson Community School Corp
Total Units 12
MLS Area 4813 - Madison - Anderson SE
Lot Size Square Feet 7797
Carport Spaces 10
Street Name Meridian
Additional Parcels Y/N Y
Days on Market 405
Structure Type Apartment Building
Standard Status Pending
Tax Lot 15 16 17
Buyer Agent Compensation Type %
Legal Description HANNAH & HAZLETTS N F OP 0.0000ACRES STR: 00000 SECTION: PLAT: 15 16 17 IN: OUT:
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Interior
Furnished Y/N Unfurnished
Basement (Y/N) Y
Full Baths 0
Half Baths 0
Street Suffix Street
Laundry Features Connections Some
Total Bedrooms 0
Total Baths 0
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Exterior
Parking Features Asphalt
Lot Features Access Busline Corner Lot Sidewalks Street Lights
Foundation Details Block
Building Area Total 0
Lot Size Acres 0.18
Road Surface Type Asphalt Concrete
Road Frontage Type City Street
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Internal Only
Street Number 1 602
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* Excluded Features
List By
Gold Key Properties

Broker

LINDA@GOLDKEY1.COM

Email

Affordability Calculator

$5,097
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,366
Monthly Property Taxes
$731
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044991 Elementary School
4045006 Middle School
Anderson High School High School
Pricing History
DatePricePrice ChangeDescription
1/12/2024$625,000 -16.67% Price Down
7/8/2023$750,000 -6.25% Price Down
2/8/2023$800,000 -23.81% Price Down
12/21/2022$1,050,000 Listed Price

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602 Meridian Street, Anderson, IN, 46016 is a Commercial Property for sale at $625,000 with 13,210 sqft and a lot size of 0.18. 602 Meridian Street is a studio with 0.0 baths and was built in 1895. The property's zip code is 46016 which is in Anderson, IN