$70,000

For Sale

12 days ago

1502 Cedar St, Anderson, IN

Name: 1502 Cedar St, For Sale in Anderson - eXp Realty
Brand: Trueblood Real Estate
SKU: 22119004
Price: 70000 USD

House

MLS® 22119004

2 Bed

1 Bath

1295 sqft

Key Facts
Description
Rooms
Map

Key Facts

Type Single Family Residence

Levels Residential

Size 1295 sqft

Garage

Taxes

Days Active 9

Lot Size 0.15 Acres

Approx. Age 1929

Avg. Price Per Sqft $54

MLS® Number 22119004

Property Address: 1502 Cedar St, Anderson, IN, 46016-3417

Average square foot calculated using Size range provided by listing agent.

Description

Attention investors seeking immediate cash flow and strong yield! Located at 1502 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $70, 000. Featuring 2 spacious bedrooms, 1 full bathroom, 1, 104 square feet of main-floor living space, and a 563-square-foot unfinished basement, this property delivers a functional layout on a level 0.15-acre lot equipped with a classic covered front porch and a 120-square-foot detached storage shed. 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 $825 per month, with a lease in place through April 27, 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 property taxes of roughly $491 per year, this home keeps your holding costs low and your net margins high. When the lease expires in April 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, 1502 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 genera

MLS® Number22119004

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1929

Basement

Driveway

Garage Spaces

HeatForced Air

A/CWindow Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 5, 2026List Date

$70,000List Price

Home Appraisal

This property is estimated to sell between: $70,000 and $80,000.

Similar properties in this area sold on average for: $76,570

Expected to sell in 37 days. Similar properties sold in 46 days. This home has been on eXp Realty for 9 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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