Veterans United Realty
23 Photos

1304 E 27th Street, Anderson, IN 46016

$65,000 Asking Price

3 beds
1 bath
1,386  sqft
Built in 1885

No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. Keep it as a rental and raise rents to fair market value (Shortage of Section 8 Housing in Anderson. See upside remarks below) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46016 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $1,468 for 3 Beds. Listing Broker has a spreadsheet with underwriting analysis on investment property (PDF copy of the underwriting on file). Please note: All financial projections and data are based on available information and should be independently verified by the buyer. Property is being sold as-is. Reach out to listing broker with any questions or to receive a copy of the investment underwriting analysis. Property is vacant and showings will automatically be approved through BrokerBay.


Listing Status:
Active
Date Added:
February 21, 2024 — 213 days ago
Listing Office:
Fair Market Value Investment Sales, Jordan Ice (317-501-4499)
Office Phone:
jordanice@fmvrei.com
MLS ID:
21965058

Features & Amenities

Interior

General:
Windows Vinyl
Appliances:
Other
A/C:
Other
Heating:
Other
Fireplace:
Fireplaces: 0

Exterior

Style:
Other
Parking:
Attached, Carport

Construction

General:
Two, See Remarks

Location

Originating MLS:
mibor
School District:
Anderson Community School Corp
County:
Madison

Lot

Zoning:
Commons 84' S End 0.0000Acres Str: 00000 Section: Plat: 06 In: Out:, 481219201027000003

Utilities

Water:
Other

Financial

Source:
mibor

This listing courtesy of:
Fair Market Value Investment Sales, Jordan Ice

About Anderson, IN

Housing

Number of Units
37,633
Median Home Value
$100,305
Median Rent
$602

36.66% of housing units are renter occupied.

11.51% are vacant.

Commute

Car
80.37%
Public Transportation
0.45%
Walk to Work
1.87%
Work from Home
16.06%
Other
0.62%

The median travel time to work is 23 minutes.

People

Population
78,679
Median Age
41.60
Median Household Size
2.46

Education

High School
40.73%
Associate’s Degree
9.20%
Bachelor’s Degree
11.47%
Graduate Degree
6.73%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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Veterans United Homefront

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

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