University Terrace

714 College Dr., Anderson, IN 46012

  • For Sale $1,999,995
  • Property Type Multi-Family
  • Property Size 15,260 SF
  • Units 10
  • Lot Size 0.9 Acre
  • Year Built 1988
  • Date Updated Aug 15, 2025
Perfectly positioned in the heart of Anderson and just a few steps away from Anderson University making this a high priority for tenants.Located just steps from the vibrant campus of Anderson University, this rare portfolio of 10 well-maintained condominiums presents a premier investment opportunity in the heart of Anderson, Indiana. Each unit is currently fully occupied, with strong tenant demand and a waitlist of prospective renters - underscoring the property's desirability and consistent income potential. Boasting a Net Operating Income of $127,000 annually, this asset offers investors immediate cash flow with long-term upside in a growing rental market. The property has been professionally maintained, requiring minimal ongoing capital investment, and benefits from a location that ensures continued tenant interest from students, faculty, and local professionals. Whether you're expanding your portfolio or entering the multifamily market, this stable, income-producing asset delivers both performance and peace of mind.
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Reach out to the broker for more info on lease terms and amenities

Contacts

broker
Joshua Hoeft

SVN | Northern Commercial

Location

Getting Around

  • Walk Score ®

    56/100 Somewhat Walkable

  • Bike Score ®

    59/100 Bikeable
Powered by Walk Score ®
  • City Anderson, IN
  • Neighborhood Hillcrest
  • Zip Code 46012
  • Market Indianapolis

Points of Interest

  • Speedway

    0.72 miles

  • GetGo

    0.76 miles

  • Marathon

    2.18 miles

  • FastMax

    3.52 miles

  • Marjon Motel

    3.26 miles

  • Days Inn by Wyndham Anderson IN

    3.60 miles

  • Western Hotel

    3.66 miles

  • Sunflower Hotel

    3.69 miles

  • Best Western Plus Anderson

    3.72 miles

  • Baymont Anderson

    3.81 miles

  • Comfort Inn 2229 E 59th St Anderson Indiana

    3.83 miles

  • Quality Inn & Suites Anderson I-69

    3.94 miles

  • Hampton Inn Anderson

    4.00 miles

  • Fairfield Inn & Suites Anderson

    4.04 miles

  • Chick-fil-A

    0.34 miles

  • Yosaku

    0.63 miles

  • Taco Bell

    0.71 miles

  • The Toast Cafe

    0.71 miles

  • Gene's Root Beer Stand

    0.76 miles

  • McDonald's

    0.88 miles

  • Frisch's Big Boy

    0.94 miles

  • Pittt Barbeque & Grill

    1.26 miles

  • Subway

    2.19 miles

  • Pizza King

    2.38 miles

  • Anderson University

    0.41 miles

  • Saint Mary's School

    0.50 miles

  • Longfellow School

    0.55 miles

  • Seventh Street School

    0.80 miles

  • Lindberg School

    1.03 miles

  • Washington School

    1.03 miles

  • Central Avenue School

    1.04 miles

  • Anderson High School

    1.07 miles

  • Eldorado School

    1.09 miles

  • Robinson Elementary School

    1.18 miles

Frequently Asked Questions

How much does University Terrace cost?

The space currently listed for sale at University Terrace asks for $1,999,995.

What is the total square footage of University Terrace?

University Terrace totals 15,260 square feet.

When was this property built?

University Terrace was built in 1988.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Joshua Hoeft

SVN | Northern Commercial

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