Investorlift

46016, IN

2 deals visible on map

Zoom in to see deals.

Zoom in to see deals

46016, IN

$135,000 · ANDERSON, IN 46016
Works for flippers · Works for landlords

Available

$135,000Asking price

4 bd · 2 ba · 1,544 sq ft · built 1890

ANDERSON, IN 46016

No contract on file

via InvestorLift Classic

5 views · listed Aug 18

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $180,000
Asking price: −$135,000
RepairsMiddle of the seller’s $500 – $5,000. Ours: $0 – $13,500: −$2,750
Loan, holding, closing20% down, 12% interest, 2 points, 61 days: −$13,776
Profit15.8% of ARV · flippers want 10%+: $28,474
Works

Works for a flipper up to $144,000.

FIVE STREAM VENTURES, LLC.

Todd Keith

No reviews yet

Comps

Sales

Rents

ARV $180,000

From the listing

The seller picked no comps. Investimate’s own value for this home is $111,000.

The sales behind this value are shown to members.

ARV $180,000

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

FIVE STREAM VENTURES, LLC.

Todd Keith

No reviews yet

Seller Description

Location: Anderson, IN

Asking Price: $138,900

After Repair Value (ARV): $180,000

Property Details:

Bedrooms: 2 per unit

Bathrooms: 1 per unit

Square Footage: 1,544 SqFt

Year Built: 1890

Units: 2

Investor Highlights:

-Fully leased duplex with both units occupied, providing income from day one with no lease-up needed.

-Current gross rent is $1,528/month with upside to $1,938/month pro forma — a $410/month increase, or $4,920/year in additional gross rent potential.

-Actual NOI is $14,371/year at a confirmed 9.9% cap rate on the $144,900 asking price.

-Pro forma NOI increases to $18,553/year with a 12.80% pro forma cap rate at market rents.

-Pro forma performance represents approximately $4,182/year of additional NOI compared with current actual performance.

-Utilities are tenant-paid, helping keep owner operating expenses lower.

-Major improvements were completed in 2021, including foundation reinforcement, new main beam/bracing, HVAC and furnace replacement, 14 replacement windows, updated plumbing supply and drain lines, new drywall, remodeled kitchens and bathrooms, and new flooring.

-In 2026, a private interior staircase and large private balcony were added for the upstairs unit.

-Off-street parking is available from the rear alley, and the upper apartment includes in-unit laundry.

Rehab Notes:

-Property presents as a largely updated, income-producing asset with major capital improvements already completed.

-Foundation reinforcement, HVAC/furnace, windows, plumbing, drywall, kitchens, bathrooms, and flooring were updated as owner-disclosed improvements.

-Roof was repaired, not replaced, and siding was touched up rather than replaced.

-Improvements are owner-disclosed and have not been independently verified by invoice.

Terms:

-CASH BUYERS ONLY: Requires quick and reliable funding.

-SOLD AS-IS: No repairs will be made by the seller.

-Act Fast: Deals like this in growing areas don't last long!

Call to Action:
Contact Todd for more details and to learn the exact location:
Call/Text: (463) 240-1822
Email: todd@fsvproperties.com