911 W 3rd Street, Anderson, IN 46016

• 4 beds |
• 1 bath |
• 2,492 sqft

Property Description

$1,450/Month Section 8 Rental | Exceeds 1% Rule | Fully Renovated 2025 Turnkey investment with immediate, reliable cash flow. Leased at $1,450/month with rent paid 100% through Section 8 (HAP). Tenant pays all utilities. At the $135,000 list price, this property exceeds the 1% rule at approximately 1.07% and is priced below a recent $140,000 appraisal, offering a compelling cash-flow opportunity with built-in value. Fully renovated in 2025, including new roof, full electrical rewire, updated plumbing, new HVAC components, many new windows, and complete interior finishes. The home offers 4 bedrooms plus a bonus room and dedicated laundry space, appealing to long-term tenants. Additional features include a detached garage, fenced backyard, washer/dryer hookups, and property taxes under $150/year. Strong income, government-backed rent, and major updates-this is a true turnkey rental.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 7:17PM

Listing Office:

Inspired Realty : 317-732-7002

Listing Agent:

Alyssa Burton : 317-732-7002

MLS ID:

22089749

Interior

• Appliances: Gas Water HeaterGas OvenRefrigerator
• A/C: Window Unit(s)
• Heating: Forced Air

Exterior

• Style: Farmhouse
• Parking: Detached

Construction

• General: TwoBrick/Mortar

Location

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

Lot

• Zoning: Fair Grounds 0.0000Acres Str: 00000 Section: Plat: 00 In: Out:481112302042000003
• Fencing: Chain Link

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public

Financial

• Source: mibor