Investment opportunity! This duplex features one bedroom on each side, offering a functional layout with income-producing potential. Each unit has separate utilities, with tenants responsible for their own utility expenses. One side includes a fenced yard, providing additional private outdoor space. The property also features a detached two-car garage for added parking and storage. Great opportunity for an investor looking to add a duplex to their rental portfolio.
Turnkey Triplex Investment Opportunity in Anderson! Excellent opportunity to own a recently updated triplex with three 1-bedroom, 1-bath units, all currently leased on one-year leases at $850/month per unit. The property currently generates $2,550/month, or $30,600 in annual gross rental income, with tenants responsible for their own utilities, except water. Recent improvements include a newer roof, fresh exterior paint, new exterior lighting, new gutters, and new interior paint throughout all three units. All units feature new flooring and have appliances, as well as new water heaters. Units 1 and 2 offer generous basement space, providing valuable additional storage, and the basement includes washer and dryer hookups for each unit. Unit 3 is a detached accessory dwelling unit. With recent improvements, existing rental income, tenant-paid utilities, $30,600 in current annual gross rental income, a Gross Rent Multiplier of 7.35 and a Cap Rate of 12.29%(minus vacancy & maintenance since newly renovated and rented), this triplex offers an excellent opportunity to add a cash-flowing property to your investment portfolio.
Welcome to 421 W. 7th St, a duplex in the historic district of Anderson! Recently renovated & updated with interior & exterior work completed! 1 upper unit is vacant while the 2nd is generating $1,100 gross rent. This is a prime investment with high cash flow! Call today!
3-unit high cash flow potential property!!! Centrally located in the heart of Anderson! Each unit is single story. Don't miss the opportunity to add this to your portfolio today!!
Charming Duplex Near Edgewood Golf Course - Great Investment Opportunity! Don't miss this duplex offering two spacious 1-bedroom, 1-bathroom units. Both units feature a large bedroom, a full bathroom, in-unit laundry closet, and a one-car attached garage-perfect for tenants or owner-occupants seeking privacy and practicality. Ideally located just steps from the scenic Edgewood Golf Course and a short drive to Anderson University, this property offers a desirable blend of peaceful surroundings and easy access to local amenities, shopping, and dining. Recent improvements include a new roof and roof sheathing, extensive interior patching and painting, and numerous updates throughout both units. Whether you're looking to live in one unit and rent the other, or expand your investment portfolio, this duplex checks all the boxes. Schedule your showing today and explore the potential of this fantastic property!
All completed in 2016: Vinyl siding, dimensional shingle roof, vinyl windows, 2 high efficiency furnaces and A/C units, 2 water heaters, remodel with LVP flooring, new plumbing and electrical. Shared washer/dryer in basement. Current leases- 1202 unit at $1,410 per month (includes $150 for utilities) expiring 2/28/2027 and 1204 unit at $865 per month (includes $90 for utilities) expiring 10/31/2026. The units have shared gas and water/sewer. The electric is individually metered. Unlock the potential of this duplex, offering an excellent opportunity for investors and owner occupants alike. With strong potential, this property has the potential for a new owner to increase cash flow by capitalizing on higher market rents. Whether you're looking to expand your investment portfolio or get started in real estate, this property offers flexibility and long term potential. Live in one unit while renting the other to help offset (or potentially cover) a significant portion of your mortgage, making it an ideal house hacking opportunity. Don't miss the opportunity to add value and make this property work for your financial goals.
Unlock the potential of this triplex, offering an excellent opportunity for investors and owner occupants alike. With strong upside potential, this property has the potential for a new owner to increase cash flow by updating the units with more modern finishes and capitalize on higher rents, or leave as-is for an easy portfolio addition. Whether you're looking to expand your investment portfolio or get started in real estate, this property offers flexibility and long term potential. Live in one unit while renting the other two to help offset (or potentially cover) a significant portion of your mortgage, making it an ideal house hacking opportunity. With multiple income streams, room to build equity through strategic improvements, and the chance to maximize rental income, this triplex is a savvy investment in today's market. Don't miss the opportunity to add value and make this property work for your financial goals. Electric metered separately. Tenants pay $50 each for water/sewer utility charge. Rents are $675-750 currently. Two 2/1 units, one 1/1 unit.
Fully occupied triplex offering immediate cash flow with $2,569/month in gross rental income. This stabilized investment has been renovated in recent years and features a new roof (2023) and new furnace (2022). Long-term tenants have a strong payment history and currently handle lawn care and snow removal. Owner pays water/sewer and gas; tenants pay electric and trash. Offered at $198,000, this property exceeds the 1% rule and presents an excellent opportunity for investors seeking stable income and a well-maintained asset.
Calling all investors, rehabbers, and savvy buyers! This 3-bedroom, 2-bath duplex in Anderson presents an outstanding opportunity to add value and build equity. Whether you're looking to renovate and hold as a cash-flowing rental, complete a profitable fix-and-flip, or expand your investment portfolio, this property is full of potential. With a functional layout and solid bones, this duplex is ready for your vision and renovations to bring it back to life. The growing demand for affordable housing in the area makes this an attractive opportunity for investors seeking long-term rental income or strong resale potential after improvements. Bring your contractor, creativity, and renovation plans-opportunities like this don't last long. Being sold as-is, this property is ideal for experienced investors or anyone looking to capitalize on a value-add project. Don't miss your chance to transform this duplex into a profitable investment. Schedule your showing today and unlock its full potential!
Updated triplex near downtown Anderson. Unique investment opportunity for the right buyer. 3 level triplex with three two-bedroom units. Ground floor unit is the most spacious, offering multiple living areas and two bathrooms. Second floor unit is good size as well, but just one bath. Upper unit is more of an efficiency 2 bedroom with kitchen/living room combo. Projected rents totaling over 2k/month, this could be a great cash-flowing asset.
Two Homes - One Price House Hack Opportunity If house hacking is your goal, the next owner has the opportunity to move into one home while renting the other without sharing a wall like a traditional duplex. Grant up to $7,500 available for this property. Another option is to live next door to family or friends while maintaining completely separate homes and private living spaces. Investor Opportunity The property is currently leased for $1,750 per month in rental income with tenants paying utilities, creating a simple low-expense rental setup. Tenants have expressed interest in renewing their leases, offering the potential for continued stable occupancy for the next owner. One home has been fully renovated down to the studs, including new drywall, flooring, kitchen, bathroom, and a full electrical rewire. Both homes have also received major improvements such as new roofs, many new windows, exterior updates, and separate electrical meters, helping minimize near-term maintenance. Two homes, rental income, house hack potential, and grant money available. Opportunities offering this level of flexibility and value are rarely available at this price point.
Investor Special! This Anderson duplex checks all the boxes. Rented at $1,600/month its ready to beat the 1% rule. Each unit is separately metered for tenants to cover all utilities. Major updates completed: new siding (2022), some new windows, updated flooring & carpet (2022), plus new appliances, furnace, and water heater (2024). With big-ticket improvements handled and tenant-paid expenses, this is a low-maintenance property with strong cash flow potential. Convenient location near downtown Anderson and easy access to I-69. Ideal addition to any investor portfolio or a perfect house-hack opportunity.
Own a piece of history with this beautifully converted triplex, offering both charm and strong income potential. This unique property features three separate levels, each designed with its own private entrance, 2 bedrooms, full kitchen, living area, and full bath-ideal for tenants seeking comfort and privacy. With an estimated rental income of up to $3,200 per month, this is a fantastic opportunity for investors or owner-occupants alike. Recent updates include new flooring and fresh paint throughout, along with updated kitchens on the first and third levels. The third floor is also equipped with mini-split systems for efficient heating and cooling. Prefer to make it your own? This versatile property can easily function as a spacious single-family home, offering 7 bedrooms, 3 full baths, and 3 kitchens-perfect for multi-generational living or in-law suites. Whether you're looking to expand your portfolio or create a home with room to grow, this property delivers flexibility, character, and value.
This package features three consistently high-demand rental duplex properties (6 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.
Investment opportunity in the historic district of downtown Anderson. This well-maintained four-plex offers four units, each featuring 2 bedrooms and 1 full bath. Interiors have been updated with quartz countertops and newer cabinetry, providing modern and functional kitchen spaces. Each unit includes in-unit laundry hookups and one designated parking space. Property offers strong rental potential with income in line with the 1% rule. Ideal opportunity for investors seeking steady cash flow in a desirable location.
1432 Ohio Ave, presenting a prime investment in the city of Anderson! This large 4-unit building has recently experienced an extensive six figure renovation & is now up for sale with income generating $2,800 monthly. This property is in the heart of Anderson making this a top tier location for tenant living & investment potential! Add this high-quality investment to your portfolio!
Great first time home or investment opportunity in Anderson. Take advantage of this conveniently located property with 2 bedrooms and 1 bath plus a full basement. The property has off street parking and a 2 car detached garage. It also features a bonus upper 1bedroom, 1 bathroom apartment with a separate stair and entrance.
Welcome to 120 and 118 W Fifth Street - a beautifully updated duplex located just steps from downtown Anderson. This property is the perfect blend of classic charm and modern style with great curb appeal and loads of character. This versatile property offers three spacious units with many updates, vintage details, and abundant natural light. With a third unit already in the home, it can be easily be converted into a triplex. All three units have a kitchen, washer/dryer hookup, and bedroom(s). Whether you're looking to house hack by living in one unit and renting out the others or build a short term rental portfolio, this property is great for any investor. The home has easy access to shops, dining, and local amenities, making it ideal for guests or tenants. Don't miss out on this rare opportunity to own a flexible, income-producing property!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Anderson is located in Indiana. Anderson, Indiana has a population of 54,459. Anderson is less family-centric than the surrounding county with 20.09% of the households containing married families with children. The county average for households married with children is 25.19%.
The median household income in Anderson, Indiana is $40,632. The median household income for the surrounding county is $54,491 compared to the national median of $69,021. The median age of people living in Anderson is 39.2 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 41.2 inches per year, with 19.2 inches of snow per year.
