1720 W 24th Street, Anderson, IN 46016

• 2 beds |
• 1 bath |
• 1,086 sqft

Property Description

Welcome to 1720 W 24th St, a turnkey, tenant-occupied investment opportunity located just southwest of downtown Anderson. This durable concrete block ranch sits on a manageable corner lot fully enclosed by a chain-link fence and offers strong rental fundamentals from day one. The current lease runs from 5/1/26 through 4/30/27 at $900/month, which hits nearly a 1.4 rent-to-price ratio and provides immediate cash flow for the next owner. The tenant is responsible for all lawn maintenance and utilities, and the property is professionally managed by Midwest Property Management, making this a truly hands-off addition to your portfolio. The home features 1,086 sq ft with 2 bedrooms, 1 full bath, a split-bedroom layout, arched doorways, galley-style kitchen with ample cabinet space, side-by-side laundry hookups, central heat/air, a 588 sq ft unfinished basement with daylight windows, and a 1-car attached garage. The unique blue metal roof adds curb appeal and long-term durability, while the front deck and ramp provide easy accessibility. Located around the corner from Anderson Speedway and Jackson Park, and under 10 minutes from St. Vincent Hospital, Meadowbrook Golf Course, the casino, and horse track, this property is well positioned for continued rental demand. Property is sold as-is, price is firm, and no creative/seller financing or wholesalers will be considered.

Listing Status:

Active

Data Last Updated:

June 24, 2026 at 5:20AM

Listing Office:

Keller Williams Indpls Metro N : 317-450-9202

Listing Agent:

Peter Stewart : 317-450-9202

MLS ID:

22083657

Interior

• General: Attic Access
• Appliances: Electric OvenRefrigerator
• Laundry: Connections AllMain Level
• Basement: DaylightUnfinished
• A/C: Central Air
• Heating: Forced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Exterior Handicap Accessible
• Style: Ranch
• Other Structures: Porch
• Parking: AttachedGarage Faces Rear

Construction

• General: OneBlock

Location

• Originating MLS: mibor
• School District: Anderson Community School Corp
• County: Madison

Lot

• Zoning: Pleasant Walk 1/2 V/A 0.0000Acres Str: 00000 Section: Plat: 38 In: Out:481114304025000003
• Fencing: Chain LinkFence Complete

Utilities

• Utilities: Natural Gas Connected
• Water: Public

Financial

• Source: mibor