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615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo
615 - 615 1/2 Madison Avenue, Anderson, IN 46016 Photo

19 Total Photos [Click to View All]

$112,900
Status: Active
615 - 615 1/2 Madison Avenue Anderson, IN 46016
  • 3
    Bedrooms
  • 2
    Total Baths
  • 1,952
    Square Feet
  • 0.14
    Acres
  • 1950
    Year Built
  • HOA

Property Description

This package features six consistently high-demand rental duplex properties (12 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy). Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value. Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.

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Listed By / Shown By

Listed By

Broker Name: RE/MAX Real Estate Groups
Broker Contact: Cell: 765-744-9500
Agent Name: Ryan Orr

Shown By

Broker Title: Cressy & Everett Real Estate
Broker Phone:

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IDX information is provided exclusively for consumers’ personal, non-commercial 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 accurate by the MLS

Property Features

MLS Number: 202613954
Subdivision: Other
County: Madison
Bedrooms: 3
Total Square Feet: 1,952
Style: Duplex
New Constuction: No
Construction: Vinyl,Other
Waterfront: No
Property Type: Multi Unit - Multiple
Basement: Crawl
Cooling: None
Heating: Gas, Forced Air
Lot Size: 0.14 Acres
Stories: 2.0
Year Built: 1950

Feature Descriptions

Above Grade Finished SQFT: 1952
Amenities: Porch Covered
Days on CressyEverett.com: 28
Exterior: Vinyl, Other
Home Style: Duplex
Lot: Level
Lot Dimensions: 50x125
Owner Pays: Electric, Fuel, Water
Sale Inclusions: Building, Lease
Sewer: City
Tenant Pays: Electric, Fuel, Trash Collection
Total Finished SQFT: 1952
Units: 2
Water: City

Location

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Estimated Payment

$ 591.99 per month $559.06 Principal & Interest $0.00 Property Tax (data not provided by mls) $32.93 Homeowner's Insurance

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