Check out this 3 bed, 1 bath 1885 build with 1,492 sqft!

Easily turn this into a $1,100/mo cash flowing rental for only $40k-$45k in repairs or put it on market for a profit margin of $25k-$35k.

Subject Property

• 2220 E Lynn St Anderson, IN 46016
• 3 beds, 1 bath
• 1,492 sqft
• Built in 1885
• Lot size 5,200x2 (See pics for extra lot included)

What's GREAT and What's BAD?

• FEATURES THAT ARE GREAT!

1. COMES WITH EXTRA LOT
2. NEW WATER LINES (PEX)
3. PARTIAL NEW ELECTRIC
4. NEW SHOWER TUB AND VANITY
5. ABOUT HALF OF WINDOWS ARE NEW
6. NEW SUMP PUMP
7. NEW WATER HEATER
8. 2 YEAR OLD FURNACE

• FEATURES THAT ARE BAD!

1. FIRE DAMAGE UPSTAIRS
2. WILL NEED PARTIAL NEW ELECTRICAL
3. WILL NEED NEW CARPET
4. WILL NEED NEW DRYWALL AND ROOF REPAIRS
5. NO GARAGE

Comp #1 

• 1932 Walnut St, Anderson, IN 46016 (SOLD ON 01/25/24 FOR $112,000)

• 3 beds, 1 bath

   

• 880 sqft

   

• Built in 1898

   

• Lot size : 5,662 sqft