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$99,900

1405 W 5th Street Anderson, IN  46016

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Property Description for 1405 W 5th Street Anderson, IN 46016

Investment Opportunity - Tri-Plex with Bonus Income Potential! Unlock the potential of this tri-plex investment property! Featuring two spacious 2-bedroom, 1-bath units and a cozy 1-bedroom, 1-bath unit, this property offers diverse rental options. As a bonus, the property includes a 2-car garage, providing additional income potential when rented separately. Located in a desirable area, this is an ideal opportunity for investors looking to generate consistent rental income while building equity. With some strategic updates, this tri-plex could become a standout property in the rental market. Don't miss out-this investment is ready to work for you! Note: 1 unit is rent ready and 2 units need updates. None of the units are rented at this time.
QuickBuy option for home selling

Address:1405 W 5th Street Anderson IN 46016
Status:Active
on site: 7 hrs 11 mins
Price:$99,900
Bathrooms:0
Year Built:1965
Lot Size:0.13
County: Madison
Township: Anderson
MLS #:22012232
Property Type:Triplex

Lot Dimensions:5808
Road Access:Not Applic
Directions:GPS Friendly

Loan Price
$671
Price And Interest $521/month
Property Tax $108/month
MTG INS $0/month
HOME INS $42/month
Price
$99,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$108/month
Home Owner Insurance
$504 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$650
Tax Year:2023
Mandatory HOA Fee:$

Area: 4810 - Madison - Anderson NW
City:Anderson
Subdivision: Evalyn
Zip Code:46016

Middle School:Highland Middle School

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Butch Stanifer with Stanifer & Associates Real Est from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 11/26/2024 12:00 AM. 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.





Anderson Market Report

92
Avg. DOM
$119.6
Avg. $ / Sq.Ft.
$ 170,000
Med. List Price

The house prices in Anderson are indeed dropping at the moment. There has been a decrease in price of $2,829.30. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Anderson are going Down. The average house price is $189,950.00 and the average price per square feet is $120.97 per square feet. At the moment, the amount of homes listed is exactly 910 houses, with 158 with active status, 107 with pending status and 645 sold in Anderson .

The most popular place to buy a home in Anderson is 4812 - Madison - Anderson SW. 4812 - Madison - Anderson SW is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Anderson .

The average amount of property taxes you would have to pay for a home in Anderson is $1,301.40. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Anderson are staying listed for an average of 64 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Anderson was 1488 minutes ago.

At the moment we have 10 open houses that you can visit.

The cost of the most expensive home in Anderson is $898,500.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Anderson is $29,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Anderson in year 1880 and the newest built house is in year 2024.

The average size of properties in Anderson is 2255.82 sq.ft. , the biggest one being 47395 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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