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: 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

Contact Information

View Listings
Preeti Chaggar

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare