1609 Brown StreetAnderson, IN 46016
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Investor alert! Don't miss this value-add, cash-flowing duplex located at 1609 Brown St in the heart of Anderson. This up/down duplex offers strong rental potential with multiple investment strategies in play-perfect for house hackers, buy-and-hold investors, or BRRRR enthusiasts. The lower unit is a spacious 2 bed, 1 bath currently rented for $1,133/month with utilities included (HUD tenant, lease through December). It features a fenced backyard and firepit-great amenities for tenant retention. The upper unit is a 3 bed, 1 bath that's currently vacant and ready for your finishing touches. The seller is in the process of making cosmetic updates (flooring and paint), offering the next owner a chance to force appreciation and boost cash flow. Once leased, this property could exceed the 2% rule, delivering exceptional returns. Electric is separately metered and water/sewer are on a single meter. Situated just blocks from downtown Anderson, this property offers easy access to shopping, dining, public transportation, and major employers-enhancing its long-term rentability. Whether you're looking to live in one unit and rent the other, or add a high-yield asset to your portfolio, this duplex delivers flexibility and upside. Seize the opportunity to secure a property with built-in income and untapped potential! Sold as-is.
| 4 weeks ago | Status changed to Pending | |
| 4 weeks ago | Listing updated with changes from the MLS® | |
| a month ago | Listing first seen on site |
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Based on information submitted to the MLS GRID as of 2025-07-15 11:09 PM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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