911 West 3rd Street

Anderson IN 46016

3064 sq. ft.

7050 sq. ft.

Single-Family

Currently for sale - view listing

Overview

$1,450/Month Section 8 Rental | Exceeds 1% Rule | Fully Renovated 2025 Turnkey investment with immediate, reliable cash flow. Leased at $1,450/month with rent paid 100% through Section 8 (HAP). Tenant pays all utilities. At the $135,000 list price, this property exceeds the 1% rule at approximately 1.07% and is priced below a recent $140,000 appraisal, offering a compelling cash-flow opportunity with built-in value. Fully renovated in 2025, including new roof, full electrical rewire, updated plumbing, new HVAC components, many new windows, and complete interior finishes. The home offers 4 bedrooms plus a bonus room and dedicated laundry space, appealing to long-term tenants. Additional features include a detached garage, fenced backyard, washer/dryer hookups, and property taxes under $150/year. Strong income, government-backed rent, and major updates-this is a true turnkey rental.

Features

4 bedrooms

1 bathroom

2 carspaces

2 garage spaces

3064 sq. ft. floor area

7050 sq. ft. lot size

Single-Family

Property history for 911 West 3rd Street

2025

Sold

$51,000

06 Jun 2025 by Kerolos Sarofem, of HSI Commercial & Residential Group, Inc

2024

Sold

$44,000

01 Nov 2024 by Betty Land, of F.C. Tucker/Prosperity

Happy sellers in Anderson

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