$60,000    ♡   Anderson, IN 46016 3 bed 2 bath 1,386 SqFt ($43/SqFt) 3,485SqFt lot. Built 1885 Listed 2024-02-21, Taxes $894 | Ⓧ USDA Ineligible due to location near Anderson |
Action Required: No Wholesaler offers will be considered.
Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Financing Type: Cash, Conventional Financing Keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Financials: Currently leased out for a total of $750 per month Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46016 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1, 468. Property can be sold as a package deal or individually. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file.
If represented by an outside agency, connect your representative. In order to receive finncial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to tenant occupancy. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2203-2205 George St (Duplex), 1818 Broadway, 1405 W 4th St, 1202 Home Ave, 1124 Home Ave, 1304 E 27th St, 125 E 35th St, 2939 Columbus Ave. All investment properties can be bought as a package or individually. See MLS listings.
Presented by Jordan Ice at
Fair Market Value Investment Sales.
Property MLS #21965058 from MIBOR
Bedrooms On Main Level: 2
Bedrooms On Upper Level: 1
Primary Bedroom Dimensions: 10 x 10
Bedroom 2 Dimensions: 10 x 10
Bedroom 3 Dimensions: 10 x 10
Primary Bedroom Level: Main
Bedroom 2 Level: Main
Bedroom 3 Level: Upper
Full Bathrooms: 2
Full Bathrooms On Main Level: 1
Full Bathrooms On Upper Level: 1
Lot Size Square Feet: 3484
Parking Features: Attached, Carport
Garage Sqft: 312
Middle School: Highland Middle School
Map directions Map directions Map directions Map directionsCounty: Madison
Directions: GPS Friendly
Tax Year: 2023
Source Property Type: Residential
Area: 4813 - Madison - Anderson SE
Source Neighborhood: Pences East Lynn
Parcel Number: 481219201027000003
Postal Code Plus 4: 5514
Subdivision: Pences East Lynn
Township: Anderson
Property Subtype: Single Family Residence
Lot Number: 028
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $36,600 + $3,400 $40,000 | $894 |
| 2021 | $33,100 + $3,400 $36,500 | $821 |
| 2020 | $31,700 + $3,200 $34,900 | $808 |
| 2019 | $30,800 + $3,200 $34,000 | $769 |
| 2018 | $24,200 + $3,200 $27,400 | $633 |
| 2017 | $24,000 + $3,200 $27,200 | $545 |
| 2016 | $26,900 + $3,200 $30,100 | $608 |
| 2015 | $26,900 + $3,200 $30,100 | $608 |
| 2014 | $26,300 + $3,200 $29,500 | $596 |
| 2013 | $26,300 + $3,200 $29,500 | $595 |
| 2012 | $38,800 + $3,200 $42,000 | $846 |
| 2011 | $28,700 + $6,900 $35,600 | $712 |
| 2010 | $28,700 + $6,900 $35,600 | $1,795 |
| 2008 | $29,800 + $7,500 $37,300 | $223 |
| 2006 | $28,700 + $5,800 $34,500 | $335 |
$60,000
MIBOR
Listing removed 2019-01-14
$0
MIBOR
Sold 2018-12-12
$40,000
Public Record
Price Changed 2018-10-19
$45,000
MIBOR
Listed 2018-09-10
$49,900
MIBOR
Year Built: 1885
Levels: Two
Property Age: 139
Total Area Main: 1386
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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.