1808 Raible Avenue, Anderson, IN 46011
- $215,000
- 4
- BD
- 2
- BA
- 3,075
- SqFt
- List Price
- $215,000
- MLS#
- 22120318
- Property Type
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Sqft. of Residence
- 3,075
- Year Built
- 1968
- Days on Market
- 0
- Status
- ACTIVE
Property Description
Welcome to this beautifully renovated 4-bedroom, 2-bath investment property offering modern updates, strong rental income, and attractive investment fundamentals. Renovated approximately 14 months ago with an estimated $85,000 full rehab, this home features fresh interior and exterior paint, stylish vinyl plank flooring, updated bathrooms, and a beautifully finished kitchen with rich espresso cabinetry, stainless steel appliances, and generous counter space. The functional floor plan offers both a living room and family room, providing plenty of flexible living space. Upstairs, the spacious primary bedroom features two closets, along with three additional bedrooms and an updated full bath. Main-level laundry and an oversized two-car garage provide additional convenience and storage. Major improvements include new windows, HVAC, electrical, roof, water heater, plumbing, and a new sewer line to the street, giving the next owner peace of mind. The partially fenced yard offers additional outdoor space, with Jackson Park nearby for recreation. This is an excellent turnkey investment opportunity with a solid tenant already in place at $2,100/month. Gross annual income is $25,200, with estimated NOI of $20,792.44, a 9.67% cap rate, and estimated monthly cash flow of $713.75. Insurance is$1,019 annually. Estimated 1.51 DSCR at 15% down. Property previously appraised at $245,000. An excellent option for investors seeking a stabilized rental, 1031 exchange opportunity, or the ability to expand their portfolio. Can also be combined with MLS #22113219. Seller will allow interior showings after an accepted offer. Please do not disturb the tenant.
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Additional Information
- Foundation
- Slab
- Stories
- Two
- Architecture
- Traditional
- Equipment
- Smoke Alarm
- Interior
- Attic Access, Wood Work Painted
- Acres
- 0.34
- Heat
- Forced Air, Hot Water, Natural Gas
- Cooling
- Central Air
- Appliances
- Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator
- Semi-Annual Taxes
- $1,694
- Garage
- Yes
- Region
- Anderson
- Eating Areas
- Dining Combo/Kitchen
Listing courtesy of Jamie Suchotzky from Red Hot, REALTORS LLC
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