How much does the home at 615 - 615 1/2 Madison Avenue cost?

The 3-bedroom, 2-bathroom multi-family at 615 - 615 1/2 Madison Avenue in Anderson, IN is listed for $112,900 ($58/sqft). The estimated monthly payment is $489 based on 20% down payment at 6.5% interest rate.

What features does 615 - 615 1/2 Madison Avenue have?

Key features include: 0.14 acre lot, 2 stories. Exterior features: Porch Covered, None. The property offers 3 bedrooms, 2 bathrooms, and 1,952 square feet of living space.

What heating and cooling systems does 615 - 615 1/2 Madison Avenue have?

Heating: Forced Air, Natural Gas. Included appliances: Range.

Who is the listing agent for 615 - 615 1/2 Madison Avenue?

This property is listed by Ryan Orr of RE/MAX Real Estate Groups. Contact at 7657449500. Email: ryan.orr@orrhomes.com.

615 - 615 1/2 Madison Avenue, Anderson, IN 46016 | $112,900

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About This Home

This 3-bedroom, 2-bathroom multi-family at 615 - 615 1/2 Madison Avenue in Anderson, IN is listed for $112,900 ($58 per sqft). the home offers 1,952 sqft of living space on a 0.14 acres lot.

Agent Description

This package features six consistently high-demand rental duplex properties (12 units) situated in the Anderson, IN market. The portfolio offers a secure, well-managed investment with immediate upside potential. Stable Income Stream: The properties demonstrate strong, reliable cash flow, supported by excellent historical rent collection and exceptional occupancy rates (minimal historical vacancy).

Turnkey Efficiency: Current owners have meticulously maintained the units, significantly minimizing the need for immediate Capital Expenditure (CapEx). Value-Add Opportunity: Current rents are below prevailing market rates for comparable local properties, providing a clear path for substantial income growth through gradual rent increases to achieve market value.

Tenant Stability: Due to diligent maintenance, the properties have high long-term tenant satisfaction, contributing to low turnover. Seller will sell individually or as a group-addresses: 403-405 W 5th St, 1105-1107 W 11th St, 1109-1111 W 11th St, 1303-1305 Sycamore, 615-615 1/2 Madison and 1815 - 1815 1/2 Fletcher.

Key Features

0.14 acre lot
2 stories

Property Details

2 stories

2 full

Monthly Cost Estimate

$604/mo

20% down · 6.5% · 30 years

Principal$82

Interest$489

Insurance$33

Estimates only. Actual payments may vary.

Location

615 - 615 1/2 Madison Avenue

Anderson, IN 46016

Other

Features & Amenities

Exterior Features

Porch CoveredNone

Property Details

Flooring

Other

Construction

Other

Heating

Forced AirNatural Gas

Appliances

Range

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 615 - 615 1/2 Madison Avenue is listed at $112,900 ($58/sqft). The estimated monthly payment is $489 based on 20% down at 6.5% interest.

Key features include: 0.14 acre lot, 2 stories. Exterior Features: Porch Covered, None.

This property is listed by Ryan Orr and can be reached at 7657449500 or ryan.orr@orrhomes.com.