817 W 5th Street, Anderson, IN 46016
Local realty services provided by:Better Homes and Gardens Real Estate Gold Key
Listed by: jamie suchotzky
Office: red hot, realtors llc.
MLS#:22113219
Source:IN_MIBOR
Price summary
- Price:$225,000
- Price per sq. ft.:$65.14
About this home
Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant....
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Home facts
- Year built:1890
- Subdivision & Development:Fairgrounds
- Listing ID #:22113219
- Added:50 day(s) ago
- Updated:August 28, 2026 at 07:28 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Dining Description:Dining Combo/Kitchen
- Kitchen Description:Dishwasher, Disposal, Electric Oven, Microwave Hood, Refrigerator
- Basement:Yes
- Basement Description:Basement, Unfinished
- Living area:2,732 sq. ft.
Heating and cooling
- Cooling:Central Electric
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1890
- Building area:2,732 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Mature Trees, Sidewalks
- Architectural Style:Victorian
- Construction Materials:Vinyl Siding
- Foundation Description:Basement Wood, Crawl Space, Partial
Utilities
- Water:Public Water
Finances and disclosures
- Price:$225,000
- Price per sq. ft.:$65.14
Features and amenities
- Appliances:Refrigerator, Smoke Alarm
- Amenities:Attic Stairway, Wood Work Painted
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