Anderson, IN 46017 8436 E State Road 32
$869,900
45 more
Presented By: Heather Clemmons with Starr Real Estate LLC;
Beds • 20
Full/Half Baths • 9 / 2
SQFT • 10,000
Garage • 5
Home Details
Turn-Key 8-Unit Multifamily Portfolio Fully Renovated & Stabilized Fantastic opportunity to acquire a fully occupied, cash-flowing 8-unit portfolio consisting of two single-family homes and two triplexes. All units have been updated with new vinyl plank flooring, fresh paint, and modernized kitchens and bathrooms. Driveway has been replaced for improved access. Unit Mix: SFH #1: 3 bed / 1 bath / 1-car attached garage SFH #2: 4 bed / 2 bath / 1-car attached garage new roof installed Triplex #1: (2) 2 bed / 1 bath units + (1) 1 bed / 1 bath unit Triplex #2: (3) 3 bed / 1.5 bath units, each with attached garage Recent Improvements: New vinyl plank flooring throughout Fresh interior paint Updated kitchens & bathrooms Driveway replacement All roofs less than 5 years old, with one brand-new roof on the 4-bed SFH This is a turn-key, low-maintenance asset ideal for investors seeking stable income and modernized units with strong tenant appeal. Fully occupied and ready to cash flow from day one. Please see the attached doc for more information.
Presented By: Heather Clemmons with Starr Real Estate LLC;
Interior Features for 8436 E State Road 32
Bedrooms
Num. of 1 Bedrooms1
Num. of 2 Bedrooms2
Num. of 3 Bedrooms5
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms2
Unit 2-# of Bedrooms1
Unit 3-# of Bedrooms2
Unit 4-# of Bedrooms3
Unit 5-# of Bedrooms3
Unit 6-# of Bedrooms3
Above Grade Bedrooms20
Beds20
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms1
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Unit 6-# of Bathrooms1.5
Below Grade Baths
Other Interior Features
Unit 3 SqFt1000
Unit 1 SqFt1000
Unit 4 SqFt1000
Unit 2 SqFt1000
Unit 6 SqFt1000
Unit 5 SqFt1000
Total Finished SqFt10000
Basement Y/NNo
Above Grade Finished SqFt10000
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Num. of Efficiencies
BasementCrawl, Slab
Dishwasher(s)
Disposal(s)
Dryer(s)
FlooringOther
Microwaves
Ranges/Ovens
Refrigerators
Total Number of Units8
W/D Hookups8
Washers
Other Rooms
Total Rooms Below Grade
General for 8436 E State Road 32
Age51
Agent First NameHeather
Agent Last NameClemmons
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense4536
Annual Trash Expense1980
AreaMadison County
Assoc. Dues FrequencyNot Applicable
Associated Document Count2
Auction Y/NNo
Bathrooms11
CityAnderson
ClassINVESTMENT
CoolingCentral Air
DOM50
Elementary SchoolTenth Street
FIPS Code18095
FeaturesWater Heater Electric, Water Heater Gas
Full Baths9
Half Baths2
HeatingGas
High SchoolAnderson
Legal DescriptionSE & NE 2.8200ACRES STR: 11198 SECTION: PLAT: 00 IN: OUT:
Middle SchoolHighland
Net Income58234
New ConstructionNo
OwnerPaysLawn Maintenance, Maintenance, Snow Removal, Tax, Trash Collection
Pet Restrictions Y/NYes
REONo
Rent Income72000
School DistrictAnderson Community
SewerSeptic
StatusActive
StatusActive
Status Detail0
Stories Count1
StyleOther
SubdivisionNone
Tax Year2026
Tenant PaysElectric, Heating, Other
Total Sq Ft10000
TownshipUnion
TypeEightplex
Virtual TourClick here
Year Built1975
Exterior for 8436 E State Road 32
Approx. Lot Size Acres2.82
ExteriorVinyl
Lot DescriptionLevel
Lot Dimensions628x258
Lot Size Area122839
Number of Parking Spaces12
OutbuildingNone
PoolNo
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Anderson High School
Elementary School
Tenth Street Elementary School
Middle School
Highland Middle School
Ryan Orr
Broker / Auctioneer