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About This Home
This 2-bedroom, 1-bathroom single family at 1530 Ohio Avenue in Anderson, IN is listed for $49,900 ($53 per sqft). Built in 1934, the home offers 940 sqft of living space on a 0.07 acres lot.
Welcome to 1530 Ohio Ave in Anderson, IN-a tenant-occupied, turnkey investment property offering cash flow from day #1! This renovated 2-bedroom, 1-bath ranch features 940 sq. ft. plus an unfinished basement and is ideally located minutes from downtown, Anderson University, and under 10 minutes from Harrah's Hoosier Park & Casino.
The current tenant is on a one-year lease through February 2027, paying $900/month, with utilities and lawn care paid by the tenant, keeping owner expenses low. Recent updates include fresh paint, new flooring, and upgraded PEX plumbing throughout. Inside, a spacious living room flows into a generously sized eat-in kitchen with pantry and laundry hookups, plus a welcoming three-season room at the front.
Offered as-is, this low-maintenance property nearly hits the 2% rule at the asking price, making it a compelling addition to any rental portfolio. Solid location, stable tenancy, and immediate cash flow-this is an investor-ready opportunity you don't want to miss!
Key Features
- Built in 1934
- 0.07 acre lot
Property Details
Amenities
Monthly Cost Estimate
$267/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1530 Ohio Avenue
Anderson, IN 46016
No Subdivision
Features & Amenities
Interior Features
Property Details
Construction
Heating
Questions & Answers
This 2-bedroom, 1-bathroom single family at 1530 Ohio Avenue is listed at $49,900 ($53/sqft). The estimated monthly payment is $216 based on 20% down at 6.5% interest.
Key features include: Built in 1934, 0.07 acre lot. Interior Features: Attic Pull Down Stairs, Eat-in Kitchen.
This property is listed by Peter Stewart and can be reached at 3178466300 or peter@peterstewartrealty.com.