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Listed by Peter Stewart • Keller Williams Indpls Metro N
$89,900
Est. payment /mo
6,969 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision North Anderson
MLS Listing ID 22072983
Year Built 1930
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Duplex
Property Description
Discover a solid investment opportunity at 2030 Broadway St on the far north side of Anderson-an area known for its convenience and desirability. This ranch duplex offers two 1BD/1BA units, each just over 600 sq ft, and is ideally located within 10 minutes of downtown, Anderson University, Community Hospital, Shadyside and Alex Pike Parks, many restaurants and businesses, and the regional airport. Hoosier Park Casino is less than 15 minutes away, making this a high-demand rental location. Both units are cleaned up and nearly rent-ready, providing immediate cash-flow potential, with estimated rents in the $650-$900 range depending on your level of cosmetic upgrades-well over the 1% rule. Value-add investors will appreciate the upside in renovating to push rents up, and the property's reasonable price and upside potential makes it an excellent BRRRR candidate. House hackers can move into one unit and rent the other to significantly offset monthly expenses. Additional features include a detached 2-car garage with separate doors, perfect for extra storage income or upgraded tenant amenities, plus an unfinished basement (accessed by the right unit) ideal for storage, a workshop, or exercise space. Water/sewer and electricity are separately metered; gas is on a single meter but can be billed back to tenants. With both units vacant and the property in decent overall shape, this is a great opportunity for investors and owner-occupants alike. Don't miss it! Property sold as-is.
Location
State IN
County Madison
Rooms
Basement Unfinished
Interior
Heating Wall Furnace
Cooling None
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N false
Roof Type Asphalt
Building
Story One
Architectural Style Traditional
Structure Type Vinyl With Stone
New Construction false
Schools
School District Anderson Community School Corp
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