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$135,000 -

911 W 3rd Street Anderson IN 46016

4
Bedrooms
1
Baths
N/A
SQ. Feet
(Above Ground)
0.16
Acres

$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.

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Property Details

Price: $135,000 Previously: $135,000 Originally: $135,000 Bedrooms: 4 Bathrooms: 1.00 MLS #: 22089749 Year Built: 1890 Township: Anderson Sq. Ft Total: 3,064 Type: Residential Zip Code: 46016 City: Anderson Subdivision: No Subdivision County: Madison School District: Anderson Community School Corp

Interior Features

Interior Features:
  • Appliances: Gas Water Heater, Gas Oven, Refrigerator
  • Cooling: Window Unit(s)
  • Heating: Forced Air

Exterior Features

Exterior Features:
  • # Acres: 0.16

Listing Office: Inspired Realty

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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. © 2026 MIBOR Broker Listing Cooperative®. All rights reserved.

Listing information last updated on April 4th, 2026 at 12:13am EDT.

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