911 3rd

Anderson, IN

$128,000

911 3rd, Anderson, IN 46016

Anderson, IN 46016 · No Subdivision

MLS# MBR22125963

Listed 1 day ago

4 Beds
1 Baths
2,012 Sq. Ft.

About this home

$1,450/Month Section 8 Rental | Exceeds 1% Rule | Fully Renovated 2025 Turnkey investment with immediate, reliable cash flow. Leased at $1,450/month. Tenant pays all utilities. At the $128,000 list price, this property exceeds the 1% rule and is priced below a recent $140,000 appraisal, offering a compelling cash-flow opportunity with built-in value. Fully renovated in 2025, including new roof, full electrical rewire, updated plumbing, new HVAC components, many new windows, and complete interior finishes. The home offers 4 bedrooms plus a bonus room and dedicated laundry space, appealing to long-term tenants. Additional features include a detached garage, fenced backyard, washer/dryer hookups, and property taxes under $150/year. Strong income and major updates-this is a true turnkey rental.

Property Details

Type
Residential
Year Built
1890
Lot Size
0.16 acres
Listed
1 day ago
County
Madison
Listing Office
Inspired Realty
Listing Agent
Alyssa Burton

Mortgage Calculator

Estimate principal and interest for this listing.

$
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$25,600

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Estimated monthly payment

$647/mo

Principal & interest
$647
Loan amount
$102,400

Estimate only — not MLS listing data. Does not include taxes, insurance, or other costs. Rates change daily.

Listed by Inspired Realty with Alyssa Burton.

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Indiana Regional MLSMIBOR Broker Listing Cooperative

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IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of October 13, 2026 at 8:16 AM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of October 13, 2026 at 8:16 AM EDT. 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 or may not be listed by the office/agent presenting the information.