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Denise Wilson

denisewilsonrealtor@gmail.com +1(317) 339-9205

Listed by Jamie Suchotzky • Red Hot, REALTORS LLC

$ 215,000

Est. payment | -/mo

4 Beds

2 Baths

3,075 SqFt

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$ 215,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

2 Baths

3,075 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 3,075 sqft

Price per Sqft $69

Subdivision Sleepy Hollow

MLS Listing ID 22120318

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1968

Tax Year 2025

Lot Size 0.340 Acres

Acres 0.34

Property Sub-Type Single Family Residence

Property Description

Welcome to this beautifully renovated 4-bedroom, 2-bath investment property offering modern updates, strong rental income, and attractive investment fundamentals. Renovated approximately 14 months ago with an estimated $85,000 full rehab, this home features fresh interior and exterior paint, stylish vinyl plank flooring, updated bathrooms, and a beautifully finished kitchen with rich espresso cabinetry, stainless steel appliances, and generous counter space. The functional floor plan offers both a living room and family room, providing plenty of flexible living space. Upstairs, the spacious primary bedroom features two closets, along with three additional bedrooms and an updated full bath. Main-level laundry and an oversized two-car garage provide additional convenience and storage. Major improvements include new windows, HVAC, electrical, roof, water heater, plumbing, and a new sewer line to the street, giving the next owner peace of mind. The partially fenced yard offers additional outdoor space, with Jackson Park nearby for recreation. This is an excellent turnkey investment opportunity with a solid tenant already in place at $2,100/month. Gross annual income is $25,200, with estimated NOI of $20,792.44, a 9.67% cap rate, and estimated monthly cash flow of $713.75. Insurance is$1,019 annually. Estimated 1.51 DSCR at 15% down. Property previously appraised at $245,000. An excellent option for investors seeking a stabilized rental, 1031 exchange opportunity, or the ability to expand their portfolio. Can also be combined with MLS #22113219. Seller will allow interior showings after an accepted offer. Please do not disturb the tenant.

Location

State IN

County Madison

Interior

Interior Features Attic Access, Wood Work Painted

Heating Forced Air, Hot Water, Natural Gas

Cooling Central Air

Equipment Smoke Alarm

Fireplace Y

Appliance Dishwasher, Disposal, MicroHood, Electric Oven, Refrigerator

Exterior

Garage Spaces 2.0

Water Access Desc Public

Building

Story Two

Foundation Slab

Water Public

Architectural Style Traditional

Structure Type Aluminum Siding,Brick

New Construction false

Schools

Middle Schools Highland Middle School

High Schools Anderson High School

School District Anderson Community School Corp

Others

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Nearby Locations

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Denise Wilson

REALTOR® | Lic# RB14030234

denisewilsonrealtor@gmail.com

+1(317) 339-9205

8310 Allison Point Blvd Suite 201, Indianapolis, IN, 46250, USA

1808 Raible AVE Anderson, IN 46011

Denise Wilson

Key Details

Location

Interior

Exterior

Building

Schools

Others

1808 Raible AVE