c.1929 Two Bedroom Indiana Fixer Upper Under $55K

$54,900

This Indiana fixer upper features two bedrooms and one bathroom, along with a formal living room and dining room, a generous kitchen, and a convenient laundry room. With over 1,100 square feet of finished living space, it provides ample room to enjoy. Additionally, an unfinished basement offers excellent potential for extra storage, a workout area, or a workshop.

House View featured at 1808 Nichol Ave, Anderson, IN, 46016

Realtor Comments

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!! 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.

2bed
1bath
Circa 1929

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Yard featured at 1808 Nichol Ave, Anderson, IN, 46016

1808 Nichol Ave, Anderson, IN 46016 $54,900

If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Peter Stewart

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Niche

Exterior featured at 1808 Nichol Ave, Anderson, IN, 46016

Pros

Affordable Cost of Living: Anderson offers a lower cost of living compared to many other cities, making it budget-friendly for families and individuals.
Community Feel: The city has a close-knit atmosphere, where residents often know their neighbors and participate in community events.
Access to Nature: Anderson is home to several parks and recreational areas, providing opportunities for outdoor activities such as hiking, fishing, and picnicking.
Cultural Events: The city hosts a variety of cultural events, festivals, and local attractions, enriching the community experience.
Proximity to Major Cities: Located near Indianapolis, residents can easily access the amenities and job markets of a larger urban center.

Cons

Limited Job Opportunities: The local job market may be less diversified, which could lead to fewer employment options for residents.
Public Transportation Issues: Public transit options are limited, meaning many residents rely on personal vehicles for commuting.
Weather: The climate features cold winters and hot summers, which may not be appealing to everyone.
Crime Rates: Certain areas of Anderson may experience higher crime rates, so it’s essential to research neighborhoods for safety.
Fewer Entertainment Options: While there are local amenities, options for dining, shopping, and entertainment may be limited compared to larger cities.

Living Room featured at 1808 Nichol Ave, Anderson, IN, 46016

Family History

In the 1920s through the 1940s, this was the home of Ralph Wiley Goss (1896-1967). Ralph was the owner of Goss-Walters Motors co – Pontiac Buick dealership. He lived in the home with his wife Thelma 1900-1981). The couple had no children. Thelma was a homemaker who had her dessert recipe noted in a 1937 newspaper article. In later years, the Goss family moved to Florida.