Veterans United Realty
6 Photos

1202 Home Avenue, Anderson, IN 46016

$70,000 Asking Price

3 beds
1 bath
1,444  sqft
Built in 1849

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Financing Type: Cash, Conventional Financing 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. Property can be sold as a package deal. (See remarks below) Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyers must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to tenant occupancy. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract, buyers may conduct physical inspection to verify the condition of property. Property is being sold as-is. Package: 2203-2205 George St (Duplex), 1818 Broadway, 1405 W 4th St, 1202 Home Ave, 1124 Home Ave, 1304 E 27th St, 125 E 35th St, 2939 Columbus Ave. All investment properties can be bought as a package or individually. See MLS listings.


Listing Status:
Pending
Date Added:
February 21, 2024 — 85 days ago
Listing Office:
Fair Market Value Investment Sales, Jordan Ice (317-501-4499)
Office Phone:
jordanice@fmvrei.com
MLS ID:
21965041

Features & Amenities

Interior

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

Exterior

Style:
Other

Construction

General:
One, Other

Location

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

Lot

Zoning:
Harlans N2 0.0000Acres Str: 00000 Section: Plat: 35 In: Out:, 481113500008000003

Utilities

Water:
Other

Financial

Source:
mibor
Buyers Agent Compensation:
2.5 %

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

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