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Taylor Thomas

realtor@taylorthomasrealty.com +1(317) 502-5098

Listed by Jada Sparks Green • eXp Realty, LLC

$ 149,900

Est. payment | -/mo

7,840 Sqft Lot

Save

$ 149,900

Est. payment | -/mo

Save

7,840 Sqft Lot

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

Nearby Locations

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Taylor Thomas

Broker-Owner Lic# RB19001934

realtor@taylorthomasrealty.com

+1(317) 502-5098

9465 Counselors Row, Ste. 200, Indianapolis, IN 46240

520 Ruddle AVE Anderson, IN 46012

Taylor Thomas

Key Details

Location

Interior

Exterior

Building

Schools

520 Ruddle AVE