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$54,900 -

1808 Nichol Avenue Anderson IN 46016

2
Bedrooms
1
Baths
N/A
SQ. Feet
(Above Ground)
0.14
Acres

Investor Alert! Don't miss this great value-add single family home located near downtown Anderson. Once renovated it should rent for above the 1% rule!! The home has 2 bedrooms, 1 bathroom, a formal living room, formal dining room, spacious kitchen, and a laundry room. Just over 1100sq ft of finished living space. There is also an unfinished basement - great for extra storage, a workout area, workshop, etc. Property also has a large concrete pad in the back for dedicated off street parking. It is currently vacant. No HOA! Excellent location within one mile of downtown Anderson, the property benefits from convenient access to local amenities and public transportation, further enhancing rental demand. Whether you're looking to expand your portfolio with a value-add cash-flowing rental or prefer a BRRRR or flip strategy, this property provides a golden chance to invest in a rapidly improving area. Capitalize on this opportunity and grow your real estate portfolio today! Property sold-as is. Cash or hard money only due to condition.

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Property Details

Price: $54,900 Previously: $54,900 Originally: $54,900 Bedrooms: 2 Bathrooms: 1.00 MLS #: 22072985 Year Built: 1929 Township: Anderson Sq. Ft Total: 2,272 Type: Residential Zip Code: 46016 City: Anderson Subdivision: No Subdivision County: Madison School District: Anderson Community School Corp

Interior Features

Interior Features:
  • Appliances: Gas Oven, Refrigerator
  • Cooling: None
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • Porch: Covered
  • # Acres: 0.14

Listing Office: Keller Williams Indpls Metro N

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All information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All Information believed to be reliable but not guaranteed and should be independently verified. © 2025 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on November 26th, 2025 at 2:55am EST.

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