2415 Cedar, Anderson, IN 46016
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2415 Cedar, Anderson, IN 46016
2415 Cedar, Anderson, IN 46016
2415 Cedar, Anderson, IN 46016
2415 Cedar, Anderson, IN 46016
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Dianna Clampitt

Dianna Clampitt

+1(317) 281-8129
Listed by John-Thomas Bell • Trueblood Real Estate
$ 65,000
Est. payment /mo
Save
New

2415 Cedar Anderson, IN 46016

2 Beds

1 Bath

1,356 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,356 sqft

Price per Sqft $47

Subdivision Spring Grove

MLS Listing ID 22119011

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1950

Tax Year 2025

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Single Family Residence

Property Description

Attention investors seeking immediate cash flow and strong yield! Located at 2415 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $65,000. Featuring 2 spacious bedrooms, 1 full bathroom, and 1,156 square feet of living space across a 1.5-story layout, this property delivers a functional floor plan on a level 0.07-acre lot equipped with a classic covered front porch. The property's central location provides tenants with convenient access to key local attractions, including Anderson University, the historic Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park Racing & Casino. The property is currently tenant-occupied and producing steady rental income of $931 per month, with a lease in place through March 31, 2027. This property easily satisfies the investor-favorite 1% rule, making it an ideal cash-flowing asset right out of the gate. For an investor, this in-place lease means instant, turn-key cash flow from the day of closing with zero initial vacancy, zero advertising expenses, and no tenant-placement hassle. Having a reliable tenant locked in through Spring 2027 provides long-term stability and predictable income to cover your investment. Paired with low annual holding costs, this home keeps your net margins high. When the lease expires in March 2027, you retain complete strategic flexibility: you can choose to sign a lease renewal, adjust rents upward to capture future market growth, or perform selective cosmetic updates to boost forced equity and long-term appreciation. Whether you are expanding an established rental portfolio or securing your first income property, 2415 Cedar St combines a low entry price, minimal holding overhead, strong 1% rule performance, and guaranteed day-one returns. Schedule your showing today to add this turn-key cash generator to your portfolio!

Location

State IN

County Madison

Interior

Interior Features Paddle Fan, Hi-Speed Internet Availbl

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Appliance Microwave, Electric Oven, Refrigerator, Range Hood

Exterior

Water Access Desc Public

Building

Story One and One Half

Foundation Partial

Water Public

Architectural Style Bungalow

Structure Type Wood Siding

New Construction false

Schools

Middle Schools Highland Middle School

School District Anderson Community School Corp

MIBOR MLS
© 2026 All listing information is courtesy of MIBOR Broker Listing Cooperative(R) as distributed by MLS Grid. All rights reserved.

Nearby Locations

Dianna Clampitt

Dianna Clampitt

Broker

+1(317) 281-8129

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2415 Cedar