Description
Investor Alert! Don’t miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule!! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement – great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is currently vacant. No HOA! Excellent location within one mile of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you’re looking to expand your portfolio with a value-add cash-flowing rental or prefer a BRRRR or flip strategy, this property provides a golden chance to invest in a rapidly improving area. Capitalize on this opportunity and grow your real estate portfolio today! Property sold-as is. Cash or hard money only due to condition.
Address
Open on Google Maps-
Address: 1808 Nichol Avenue
-
City: Anderson
-
State/county: IN
-
Zip/Postal Code: 46016
-
Area: No Subdivision
Details
Updated on January 14, 2026 at 10:26 pm-
Property ID 22072985
-
Price $54,900
-
Property Size 2272 Sqft
-
Land Area 0.14 Acres
-
Bedrooms 2
-
Rooms 5
-
Bathroom 1
-
Garage Size x x
-
Year Built 1929
-
Property Type Single Family Residence, Residential
-
Property Status Closed
Additional details
-
Cooling None
-
Heating Forced Air
-
County Madison
-
Property Type Residential
-
Parking Alley Access,Other
-
Architectural Style Ranch
Features
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees