Cash-Flowing SFH + Zoned B2 Lot
210 and 206 E 13th St, Anderson, IN
$78k OBO
This 1332 sq ft single family home built in 1900, is 1 ½ stories. It is currently used as a 3 bedroom and 1 bathroom home, however, the 3rd “bedroom” upstairs needs one wall added to create a hallway in order to be considered a 3rd bedroom under the Indiana bedroom requirements.
This home is currently rented below market at $920 per month and tenants pay their own utilities. Rentometer shows avg monthly rent for a 2/1 is $970 and a 3/1 avg monthly rent is $1156. Lease expires at the end of April allowing for an adjustment to bring rent up to market rate.
The tenants would like to stay. There are no known issues, but a few cosmetic fixes would enhance the look of the property. These improvements along with the addition of an extra wall for the bedroom could be done at a minimal cost. This property is professionally managed.
In addition, the lot located at 206 E 13th Street is also included. This is a lot zoned B2 which also allows building of single or a multi-family residence allowing you to increase ROI even more.
Click here for additional photos: Pics 210 E 13th St Anderson – Google Drive