1502 Cedar, Anderson, IN 46016

Anderson
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
1502 Cedar,Anderson, IN 46016
$70,000
  • 2 Beds
  • 1 Baths
  • 1,295 sq. ft.
  • Single family
  • Active
Listed by: john-thomas bell
Office: trueblood real estate
MLS#:22119004
Source:IN_MIBOR

Price summary

  • Price:$70,000
  • Price per sq. ft.:$41.99

About this home

Attention investors seeking immediate cash flow and strong yield! Located at 1502 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $70,000. Featuring 2 spacious bedrooms, 1 full bathroom, 1,104 square feet of main-floor living space, and a 563-square-foot unfinished basement, this property delivers a functional layout on a level 0.15-acre lot equipped with a classic covered front porch and a 120-square-foot detached storage shed. The property's central location provides tenants with convenient access to key local attractions, including Anderson University, the historic Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park Racing & Casino. The property is currently tenant-occupied and producing steady rental income of $825 per month, with a lease in place through April 27, 2027. This property easily satisfies the investor-favorite 1% rule, making it an ideal cash-flowing asset right out of the...

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Home facts

  • Year built:1929
  • Subdivision & Development:Hazelwood
  • Listing ID #:22119004
  • Added:1 day(s) ago
  • Updated:August 08, 2026 at 02:41 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Dining Description:Dining Combo/Kitchen
  • Kitchen Description:Electric Oven, Microwave, Refrigerator
  • Basement:Yes
  • Basement Description:Basement
  • Living area:1,295 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air

Structure and exterior

  • Year built:1929
  • Building area:1,295 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Bungalow
  • Construction Materials:Wood Siding
  • Foundation Description:Block

Schools

  • Middle school:Highland Middle School

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$70,000
  • Price per sq. ft.:$41.99

Features and amenities

  • Appliances:Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Attic Access
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