2415 Cedar Street

Investor opportunity at $65,000. 2415 Cedar St in Anderson is a 2 bed, 1 bath, 1.5-story single-family home with 1,156 sq ft of living space on a level 0.07-acre lot with a covered front porch. It's currently rented at $931/month on a lease through March 31, 2027, which clears the 1% rule at this price. Property taxes run about $854 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 March 2027. Close to Anderson University, the Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park.