1520 Noble St

Anderson IN 46016

2179 sq. ft.

6400 sq. ft.

Single-Family

Currently for sale - view listing

Overview

Investor opportunity! This tenant-occupied 3-bedroom, 2-bath home is currently rented for $1,467/month, with the tenant responsible for all utilities and lawn care, creating a low-maintenance investment from day one. The property has a long-term tenant in place with an established history of timely payments. Several key updates have already been completed, including a new roof (2021), new flooring and appliances (2021), and a new furnace (2023), helping minimize near-term capital expenses. The home offers a functional layout with in-unit laundry provided for the tenant and includes a mudroom that could potentially be converted into a 4th bedroom, creating additional value-add potential for investors. Exterior features include an attached garage, spacious backyard, and welcoming front porch. The entire street on Noble St was recently repaved by the city, providing a smooth and attractive drive-up to the property. At the $130,000 list price, the property meets the sought-after 1% rule, making it a strong addition to an investor's portfolio. Existing mortgage with approximately a 3.5% interest rate may be assumable for qualified buyers, offering a potential financing advantage in today's rate environment. Stable income, recent updates, and future upside potential. Please do not disturb tenant.

Features

3 bedrooms

2 bathrooms

1 carspace

1 garage space

2179 sq. ft. floor area

6400 sq. ft. lot size

Single-Family

Property history for 1520 Noble St

2020

Sold

$45,500

08 Dec 2020 by Wendi Carter-Hopkins, of Wendi Carter Realty, LLC

2016

Sold

$16,900

17 Oct 2016 by Kelly Wood, of WOOD REALTY GROUP

Happy sellers in Anderson

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