Investor opportunity at $65,000. 2415 Cedar St in Anderson is a 2 bed, 1 bath, 1.5-story single-family home with 1,156 sq ft of living space on a level 0.07-acre lot with a covered front porch. It's currently rented at $931/month on a lease through March 31, 2027, which clears the 1% rule at this price. Property taxes run about $854 a year, so holding costs stay low. The lease also gives a buyer options. The lease terms allow it to be ended with 60 days' written notice if the property is sold. You can keep the tenant in place and collect rent from the day you close, or give notice and take the home back to renovate, re-lease at a new rate, or move in yourself. If you keep the tenant, you can renew or adjust rent when the lease ends in March 2027. Close to Anderson University, the Paramount Theatre, Mounds State Park, Anderson Speedway, and Harrah's Hoosier Park.
This district is established to permit single-family and two-family dwellings. Normally, the R3 District is located in areas where many two-family dwellings have already occurred and are acceptable to the neighborhoods so zoned.
Permitted uses
Include but are not limited to:
Housing-Single unit
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 100° expected this year, 18 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Anderson, IN • 46016
Average low and high temperatures (°F)
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81
56
68
47
53
38
40
26
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Sun exposure
85/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Anderson. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
5.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2415 Cedar St
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $17,000 and $150,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $17K to $150K.