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Listed by Jada Sparks Green • eXp Realty, LLC
$149,900
Est. payment /mo
7,840 Sqft Lot
Active
520 Ruddle AVE Anderson, IN 46012
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision J M Ruddells
MLS Listing ID 22122337
Year Built 1885
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Duplex
Property Description
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.
Location
State IN
County Madison
Interior
Heating Forced Air, Gas
Cooling Window Unit(s)
Fireplace N
Exterior
Garage Spaces 1.0
Roof Type Shingle
Building
Story Two
Foundation Block
Architectural Style Traditional
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Tenth Street Elementary School
Middle Schools Highland Middle School
High Schools Anderson High School
School District Anderson Community School Corp
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