520 Ruddle Avenue, Anderson, IN 46012

$159,900

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List Price
$159,900
MLS#
22122337
Days on Market
7
Status
ACTIVE

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.

Additional Information

Tenant Pays
Electricity, Gas, Insurance, Sewer, Water
Owner Pays
Ins Hazard, Lawncare, Taxes
Foundation
Block
Stories
Two
Architecture
Traditional
Acres
0.18
Heat
Forced Air, Natural Gas
Cooling
Window Unit(s)
Financing
Conventional
Region
Anderson

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Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC.

Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative