Attention investors seeking immediate cash flow and strong yield! Located at 2415 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $65,000. Featuring 2 spacious bedrooms, 1 full bathroom, and 1,156 square feet of living space across a 1.5-story layout, this property delivers… Read More a functional floor plan on a level 0.07-acre lot equipped with a classic covered front porch. 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 $931 per month, with a lease in place through March 31, 2027. This property easily satisfies the investor-favorite 1% rule, making it an ideal cash-flowing asset right out of the gate. For an investor, this in-place lease means instant, turn-key cash flow from the day of closing with zero initial vacancy, zero advertising expenses, and no tenant-placement hassle. Having a reliable tenant locked in through Spring 2027 provides long-term stability and predictable income to cover your investment. Paired with low annual holding costs, this home keeps your net margins high. When the lease expires in March 2027, you retain complete strategic flexibility: you can choose to sign a lease renewal, adjust rents upward to capture future market growth, or perform selective cosmetic updates to boost forced equity and long-term appreciation. Whether you are expanding an established rental portfolio or securing your first income property, 2415 Cedar St combines a low entry price, minimal holding overhead, strong 1% rule performance, and guaranteed day-one returns. Schedule your showing today to add this turn-key cash generator to your portfolio! Read Less
Courtesy of Trueblood Real Estate.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
1,356
Lot Size
0.07 Acres
Year Built
1950
MLS Number
22119011
30 Days Snapshot Of 46016
$84k
-23%
(avg) sold price
16
-5%
homes sold
109
+94%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Description: Microwave, Electric Oven, Refrigerator, Range Hood
Building
Area: 1190, Architecture: Bungalow, Building Area: 1356, Construction Materials: Wood Siding, Levels: One and One Half, Year Built: 1950
Cooling
Details: Window Unit(s)
Heating
Heating: Forced Air
Lot
Acres: 0.07, MLS Acres: <1/4 Acre
Utilities
Water Source: Public
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information.
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