1502 Cedar ST, Anderson, IN 46016
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1502 Cedar ST, Anderson, IN 46016
1502 Cedar ST, Anderson, IN 46016
1502 Cedar ST, Anderson, IN 46016
1502 Cedar ST, Anderson, IN 46016
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Thawng Thang

Thawng Thang

+1(317) 854-2869
Listed by John-Thomas Bell • Plum Tree Realty
$ 65,000
Est. payment /mo
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1502 Cedar ST Anderson, IN 46016

2 Beds

1 Bath

1,667 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,667 sqft

Price per Sqft $38

Subdivision Hazelwood

MLS Listing ID 22135044

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1929

Tax Year 2025

Lot Size 6,534 Sqft

Acres 0.15

Property Sub-Type Single Family Residence

Property Description

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.

Location

State IN

County Madison

Rooms

Main Level Bedrooms 2

Interior

Interior Features Attic Access, Hi-Speed Internet Availbl

Heating Forced Air

Cooling Window Unit(s)

Fireplace N

Appliance Microwave, Electric Oven, Washer, Refrigerator, Dryer

Exterior

View Y/N true

Water Access Desc Public

View Trees/Woods

Building

Story One

Foundation Block

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.
Thawng Thang

American Dream Team Real Estate Broker

Phone

+1(317) 854-2869

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1502 Cedar ST