2415 Cedar, Anderson, IN 46016

• 2 beds |
• 1 bath |
• 1,190 sqft

Property Description

Attention investors seeking immediate cash flow and strong yield! Located at 2415 Cedar St, Anderson, IN, this single-family investment opportunity is offered at an attractive entry price of $65,000. Featuring 2 spacious bedrooms, 1 full bathroom, and 1,156 square feet of living space across a 1.5-story layout, this property delivers a functional floor plan on a level 0.07-acre lot equipped with a classic covered front porch. The property's central location provides tenants with convenient access to key local attractions, including Anderson University, the historic Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park Racing & Casino. The property is currently tenant-occupied and producing steady rental income of $931 per month, with a lease in place through March 31, 2027. This property easily satisfies the investor-favorite 1% rule, making it an ideal cash-flowing asset right out of the gate. For an investor, this in-place lease means instant, turn-key cash flow from the day of closing with zero initial vacancy, zero advertising expenses, and no tenant-placement hassle. Having a reliable tenant locked in through Spring 2027 provides long-term stability and predictable income to cover your investment. Paired with low annual holding costs, this home keeps your net margins high. When the lease expires in March 2027, you retain complete strategic flexibility: you can choose to sign a lease renewal, adjust rents upward to capture future market growth, or perform selective cosmetic updates to boost forced equity and long-term appreciation. Whether you are expanding an established rental portfolio or securing your first income property, 2415 Cedar St combines a low entry price, minimal holding overhead, strong 1% rule performance, and guaranteed day-one returns. Schedule your showing today to add this turn-key cash generator to your portfolio!

Listing Status:

Active

Data Last Updated:

August 24, 2026 at 12:19PM

Listing Office:

Trueblood Real Estate : 765-265-1732

Listing Agent:

John-Thomas Bell : 765-265-1732

MLS ID:

22119011

Interior

• General: Paddle FanHi-Speed Internet Availbl
• Appliances: MicrowaveElectric OvenRefrigeratorRange Hood
• A/C: Window Unit(s)
• Heating: Forced Air

Exterior

• Style: Bungalow

Construction

• General: One and One HalfPartial

Location

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

Lot

• Zoning: Spring Grove S2 0.0000Acres Str: 00000 Section: Plat: 39 In: Out:481114404043000003

Utilities

• Water: Public

Financial

• Source: mibor