520 Ruddle Ave

Anderson IN 46012

7688 sq. ft.

Duplex

Currently for sale - view listing

Overview

Occupied duplex near Anderson University with established rental history and income already in place. The 520 Ruddle unit offers 2 bedrooms, 1 full bath, living room, kitchen, dedicated laundry and additional finished loft space. The 520 1/2 Ruddle unit includes 1 bedroom, 1 full bath, living room and kitchen. Current base rents total $1,450 per month, with an additional $349 per month collected for gas/propane, bringing current scheduled monthly collections to $1,799, or $21,588 annually. One tenant currently receives HUD rental assistance, and both units are occupied with tenants who have expressed an interest in remaining. Professional property management is currently in place. With existing tenancy, documented rental history and a location near Anderson University, this is an opportunity to acquire an income-producing Anderson duplex without starting from vacancy. Property management statements and recent unit inspection reports are available for buyer review.

Features

1 carspace

1 garage space

7688 sq. ft. lot size

Duplex

Property history for 520 Ruddle Ave

2022

Sold

$77,000

05 Aug 2022 by Tracie Harter, of The Thompson Team

2019

Sold

$15,000

23 Apr 2019 by Gary Nunley, of South Madison Realty

2010

Sold

Undisclosed

09 Mar 2010

Happy sellers in Anderson

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