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$49,900   Price Analysis
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1502 E Cincinnati Ave E
Anderson, IN 46016
2 bed 1 bath 840 SqFt ($59/SqFt)
6,970SqFt lot. Built 1880
Listed 2024-04-18, Taxes $558
Ⓧ USDA Ineligible
due to location

near Anderson

INVESTOR ALERT!

* Sale Pending *

TURNKEY RENTAL PROPERTY!! Come see this low-priced single family 2br/1ba ranch home located in the heart of Anderson. Very convenient location blocks into dow ntown, minutes to the University and less than 10min to the newly remodeled casino. The property is tenant occupied and they are paying $450/mo (mo-to-mo). While the home is in rental grade condition, with some repairs and cosmetic updating it could really shine and rent could be improved substantially!

Proprty is professionally managed by Full Spectrum. No HOA. Add this property to your rental portfolio and start cash flowing from day 1!


Presented by Peter Stewart at
Keller Williams Indpls Metro N.
Listing Agent Photo

Property MLS #21971854 from MIBOR

Bedrooms: 2
Bedrooms On Main Level: 2
Primary Bedroom Dimensions: 12 x 12
Bedroom 2 Dimensions: 10 x 13
Primary Bedroom Level: Main
Bedroom 2 Level: Main

Total Rooms: 5
Living Room Dimensions: 12 x 11
Living Room Level: Main

Total Bathrooms: 1
Full Bathrooms: 1
Full Bathrooms On Main Level: 1

Eat-in Kitchen

Electric Oven
Refrigerator

Heating Features: Forced Air, Gas

Dining Area Description: Dining Combo/Kitchen

Patio And Porch Features: Covered Porch

Lot Description: Sidewalks
Lot Size Acres: 0.16
Lot Size Square Feet: 6969

Parking Features: Street Only

High School District: Anderson Community School Corp

Tenth Street Elementary School is a public elementary school located approximately 1.8 miles away.
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Anderson High School is a public high school located approximately 2.7 miles away.
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Highland Jr High School is a public middle school located approximately 3.2 miles away.
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Holy Cross School is a private elementary school located approximately 0.4 miles away.
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Calculated Total Monthly Association Fees: 0

Source Listing Status: Pending
County: Madison
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential
Area: 4811 - Madison - Anderson NE
Source Neighborhood: Jacksons Outlot
Parcel Number: 481218203038000003
Subdivision: Jacksons Outlot
Township: Anderson NE
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$19,300 + $5,500
$24,800
$558
2021$20,000 + $4,600
$24,600
$555
2020$20,100 + $4,500
$24,600
$866
2019$21,800 + $5,100
$26,900
$558
2018$19,800 + $5,100
$24,900
$577
2017$19,600 + $5,100
$24,700
$497
2016$19,600 + $5,100
$24,700
$497
2015$14,400 + $5,300
$19,700
$398
2014$14,200 + $5,300
$19,500
$394
2013$14,200 + $5,300
$19,500
$394
2012$13,800 + $5,300
$19,100
$386
2011$12,600 + $5,200
$17,800
$82
2010$12,600 + $5,200
$17,800
$897
2008$17,300 + $6,500
$23,800
$132
2006$17,900 + $6,200
$24,100
$246

Listed 2024-04-18
$49,900
MIBOR

Total Square Feet Living: 840
Year Built: 1880
Construction Materials: Vinyl Siding
Foundation Details: Crawl Space
Levels: One
Property Age: 144
Property Condition: Fixer
Total Area Main: 840
Architectural Style: Ranch, TraditonalAmerican

Water Source: Municipal/City

Other Equipment: Smoke Alarm
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.