1502 Cedar Street, Anderson, IN 46016

Anderson
Local realty services provided by:Schuler Bauer Real Estate ERA Powered
1502 Cedar Street,Anderson, IN 46016
$65,000
  • 2 Beds
  • 1 Baths
  • 1,295 sq. ft.
  • Single family
  • Active
Listed by: john-thomas bell
Office: plum tree realty
MLS#:22135044
Source:IN_MIBOR | Licensed in Indiana

Price summary

  • Price:$65,000
  • Price per sq. ft.:$38.99

About this home

Investor opportunity at $65,000. 1502 Cedar St in Anderson is a 2 bed, 1 bath single-family home with 1,104 sq ft on the main floor plus a 563 sq ft unfinished basement, on a level 0.15-acre lot with a covered front porch and a 120 sq ft detached storage shed. It's currently rented at $825/month on a lease through April 27, 2027, which clears the 1% rule at this price. Property taxes run about $491 a year, so holding costs stay low. The lease also gives a buyer options. The lease terms allow it to be ended with 60 days' written notice if the property is sold. You can keep the tenant in place and collect rent from the day you close, or give notice and take the home back to renovate, re-lease at a new rate, or move in yourself. If you keep the tenant, you can renew or adjust rent when the lease ends in April 2027. Close to Anderson University, the Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park. Seller financing possible with at least 20% down.

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Home facts

  • Year built:1929
  • Subdivision & Development:Hazelwood
  • Listing ID #:22135044
  • Added:1 day(s) ago
  • Updated:November 11, 2026 at 03:45 AM

Rooms and interior

  • Bedrooms:2
  • Total bathrooms:1
  • Full bathrooms:1
  • Dining Description:Dining Combo/Kitchen
  • Kitchen Description:Electric Oven, Microwave, Refrigerator
  • Basement:Yes
  • Basement Description:Basement
  • Living area:1,295 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Forced Air

Structure and exterior

  • Year built:1929
  • Building area:1,295 sq. ft.
  • Lot area:0.15 Acres
  • Architectural Style:Bungalow
  • Construction Materials:Wood Siding
  • Foundation Description:Block

Schools

  • Middle school:Highland Middle School

Utilities

  • Water:Public Water

Finances and disclosures

  • Price:$65,000
  • Price per sq. ft.:$38.99

Features and amenities

  • Appliances:Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Attic Access
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