Space, style, and investment potential come together in this beautifully updated 5-bedroom, 2-bath home offering nearly 2,900 square feet of living space. With extensive improvements already completed and a tenant in place, this property offers an attractive opportunity for investors seeking a spacious, stabilized rental. The main level features both a generous living room and separate family room, providing flexible spaces for entertaining, relaxing, or working from home. Two spacious bedrooms and a remodeled full bathroom are conveniently located on the main level. The updated kitchen serves as the heart of the home, with modern finishes and an open layout that flows into a welcoming dining area ideal for everyday meals and gatherings. Upstairs, you'll find three additional bedrooms and a second remodeled full bathroom, providing plenty of room and a versatile floor plan. Major improvements include the roof, siding, windows, HVAC system, and flooring, giving the next owner peace of mind while minimizing the need for immediate capital improvements. Outside, a wood deck provides additional living space for grilling, entertaining, or enjoying the backyard. Currently tenant-occupied and generating $2,100 per month in rental income, or $25,200 annually. The current lease runs through March 30, 2027, providing immediate rental income for the next owner. A great opportunity to add a large, updated rental property to your portfolio with high income already in place. Can also be combined with MLS 22120318. Tenant occupied. The seller will allow interior showings after an offer is accepted. Please do not disturb the tenant.
Active
- Price
- $ 225,000
- City
- Anderson
- Bedrooms
- 5
- Full Bathrooms
- 2
- County
- MADISON
- Half Bathrooms
- 0
- Area
- Anderson
- Lot Size
- 0.15 Acres
- Zip
- 46016
- Sqr Footage
- 3,454
- Year Built
- 1890
- Taxes
- $ 1068
- Style
- Victorian
- MLS#
- 22113219
Features
General
Interior Features
Exterior Features
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Affordability Calculator
$3,786
Per MonthBased on the average sale price from the Lafayette, IN office
- Monthly Principal & interest $2,658
- Monthly Property Taxes $1,062
- Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
Schools
Price History
Property vs Zip Code Average in 46016
In The Neighborhood
In The Neighborhood
- Type
- Single Family
817 W 5th Street Anderson, IN is a Single Family Home for sale at $225000 with 3454 sqft and a lot size of 0.15 Acres Acre(s). 817 W 5th Street Anderson has 5 bedrooms, 2 baths and was built in 1890. The property's zip code is 46016 which is in Anderson, IN
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.