1502 Cedar, Anderson, IN, 46016

Views - Primary on Main

Address

1502 Cedar, Anderson, IN

Listing Type

Active

Price

$ 70,000

Your Agent

Jason Forst

Administrative Assistant

502-524-2525

Property Attributes

MLS#22119004
TypeSingle Family
Listing Status Active
CountyMADISON
CityAnderson
AreaAnderson
NeighborhoodHazelwood
Zip46016
StyleBungalow
Year Built1929
Taxes$ 492
Price$ 70,000
Bedrooms2
Full Bathrooms1
Half Bathrooms0
Sqr Footage1667
Lot Size0.15 Acres

Data Source:

MIBOR Broker Listing Cooperative

Property Description

Attention investors seeking immediate cash flow and strong yield! Located at 1502 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $70,000. Featuring 2 spacious bedrooms, 1 full bathroom, 1,104 square feet of main-floor living space, and a 563-square-foot unfinished basement, this property delivers a functional layout on a level 0.15-acre lot equipped with a classic covered front porch and a 120-square-foot detached storage shed. 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 $825 per month, with a lease in place through April 27, 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 property taxes of roughly $491 per year, this home keeps your holding costs low and your net margins high. When the lease expires in April 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, 1502 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 genera

Middle School
Highland Middle School

Price History
8/8/2026	Listed $70,000

General Features

Heating	Forced Air
Cooling	Window Unit(s)
Possession	Negotiable
Appliances	Microwave,Electric Oven,Washer,Refrigerator,Dryer
Architectural Style	Bungalow
Security Features	Smoke Detector(s)
Construction Materials	Wood Siding
Year Built	1929
View	Trees/Woods
Township	Anderson
Levels	One
Property Subtype	Single Family Residence
Tax Year	2025
County	Madison
New Construction	No
Property Type	Residential
HOA	No
Subdivision Name	Hazelwood
Garage Y/N	No
Total Rooms	5
Full Baths	1
Status	Active
Directions	GPS Friendly
City	Anderson
High School District	Anderson Community School Corp
MLS Area	4810 - Madison - Anderson NW
Lot Size Square Feet	6350
Property Attached Y/N	No
Middle/Junior High School	Highland Middle School
Standard Status	Active
Tax Lot	18-387-14
Legal Description	Hazelwood 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:

Interior Features

Interior Amenities	Attic Access,Hi-Speed Internet Availbl
Basement (Y/N)	Yes
Laundry Features	Laundry Room
Total Bedrooms	2
Below Grade Finished Area	191
Main Level Bedrooms	2
LivingAreaSource	Assessor
Total Baths	1