1609 Brown Street, Anderson, IN 46016
- $89,000
- $89,000
Description
Investor alert! Don’t miss this value-add, cash-flowing duplex located at 1609 Brown St in the heart of Anderson. This up/down duplex offers strong rental potential with multiple investment strategies in play-perfect for house hackers, buy-and-hold investors, or BRRRR enthusiasts. The lower unit is a spacious 2 bed, 1 bath currently rented for $1,133/month with utilities included (HUD tenant, lease through December). It features a fenced backyard and firepit-great amenities for tenant retention. The upper unit is a 3 bed, 1 bath that’s currently vacant and ready for your finishing touches. The seller is in the process of making cosmetic updates (flooring and paint), offering the next owner a chance to force appreciation and boost cash flow. Once leased, this property could exceed the 2% rule, delivering exceptional returns. Electric is separately metered and water/sewer are on a single meter. Situated just blocks from downtown Anderson, this property offers easy access to shopping, dining, public transportation, and major employers-enhancing its long-term rentability. Whether you’re looking to live in one unit and rent the other, or add a high-yield asset to your portfolio, this duplex delivers flexibility and upside. Seize the opportunity to secure a property with built-in income and untapped potential! Sold as-is.
Address
Open on Google Maps-
Address: 1609 Brown Street
-
City: Anderson
-
State/county: IN
-
Zip/Postal Code: 46016
-
Area: No Subdivision
Details
Updated on August 8, 2025 at 8:10 pm-
Property ID 22044567
-
Price $89,000
-
Land Area 0.17 Acres
-
Garage Size x x
-
Year Built 1898
-
Property Type Duplex, Residential Income
-
Property Status Closed
Additional details
-
Cooling None
-
Heating Baseboard
-
County Madison
-
Property Type Residential Income
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees