Anderson IN Real Estate Gem: Charming 3-bedroom, 1-bathroom single-family ranch home in Eastside Anderson, built 1950, 1,024 sq ft on 6,000 sq ft lot – ideal Midwest investment property for rental or fix-and-flip.
Exterior: Solid brick and vinyl siding with minor paint wear for classic curb appeal; functional roof/windows; small yard with basic landscaping – low-maintenance urban lot in 46012 ZIP.
Interior: Clean, dated layout with durable laminate flooring in open living/dining; basic kitchen featuring wood cabinets and stove; working full bathroom; dry unfinished basement for versatile storage – vacant turnkey SFR ready for quick updates.
Systems: Central heating for efficiency; window AC units for summer comfort – no major issues, primed for Section 8 rental properties or family tenants in growing Anderson market.
For questions or to schedule tour: 317-610-9834
For sale by owner
$80,000
2515 E 7th St, Anderson, IN 46012
2beds
672sqft
Est.:
SingleFamily
Built in 1944
5,763 Square Feet Lot
$79,700 Zestimate®
$119/sqft
$-- HOA
What's special
Functional roofClassic curb appealCentral heating for efficiencyDurable laminate flooringWood cabinets
What the owner loves about this home
What Makes This a Fire Investment Opportunity
Quick Decision Metrics: $50K+ equity spread at $140K ARV post-$10K–$15K light rehab (paint/floors/kitchen) – all-in under $120K assuming TBD ask; $1,050/mo rent yields 7–8% cap rate, 10–14% ROI on 20% down DSCR (1.20–1.30 ratio at 7.5% interest).
Buy-Box Fit: Vacant day-1 cash flow; Section 8/voucher magnet with 3–5% YoY appreciation in Eastside; near I-69/retail for low vacancy – perfect entry-level fix-and-flip (15–20% profit) or passive hold in affordable Midwest real estate.
Deal Edge: Turnkey base minimizes risk; basement storage adds value without heavy CapEx; strong comps ($130K–$145K recent sales) confirm spread – scale your portfolio fast with stable renter demand.
Schedule a Tour or Have Questions: 317-610-9834
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