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Investor Alert! Don't miss this great stone ranch single family home located near downtown Anderson. This turnkey rental property is rented for $1468/mo (HUD - owner pays utilities) - nearly hitting a 1.5 rent to price ratio!! The home sits on a corner lot and has 3 bedrooms, 1 bathroom, and nearly 1400sq ft of finished living space. There is also an unfinished partial basement - great for extra storage, a workout area, workshop, etc. 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 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.
Property Type(s):
Single Family
| Last Updated | 12/8/2025 | Tract | Woodlawn |
|---|---|---|---|
| Year Built | 1950 | Community | 4810 - Madison - Anderson NW |
| County | Madison |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Oven, Refrigerator |
| AREA | 4810 - Madison - Anderson NW |
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Stone |
| FIREPLACE | Yes |
| HEAT | Forced Air, Natural Gas |
| LOT | 6098 sq ft |
| LOT DESCRIPTION | Corner Lot |
| STORIES | 1 |
| STYLE | Ranch |
| SUBDIVISION | Woodlawn |
| WATER | Public |
Location
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Listed with Keller Williams Indpls Metro N
Listing information is deemed reliable, but not guaranteed.
© 2025 Metropolitan Indianapolis Board of REALTORS®
© 2025 Metropolitan Indianapolis Board of REALTORS®
This IDX solution is (c) Diverse Solutions 2025.

