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2415 CedarAnderson, IN 46016

Spring Grove · Madison County

$65,000List price
2Beds
1Baths
1,356Sq Ft
1950Year built
0.07Acre lot
10 weeks agoOn market

Description

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 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!

Property Information

Property type
Residential
Sub-type
Single Family Residence
Style
Bungalow
Year built
1950
Living area
1,190 Sq Ft
Lot size
0.07 acres
Days on market
75
MLS® Listing#
22119011

Property Features

Appliances
Microwave · Electric Oven · Refrigerator · Range Hood
Cooling
Window Unit(s)
Heating
Forced Air
Construction
Wood Siding
Water source
Public

Schools

Middle
Highland Middle School

Financial Details

HOA
None
Parcel number
481114404043000003

Directions

GPS Friendly

Listing Courtesy: Trueblood Real Estate - jtbell@truebloodre.com

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Last Updated: 2026-08-05

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  • Dan Nolan

    Broker of Record

    EXIT Strategy Realty

  • Eve Benton

    Designated Managing Broker

    EXIT Strategy Realty

  • Moe Doleh

    Associate Broker

    EXIT Strategy Realty