341 Park AVE Pending Save Request In-Person Tour Request Virtual Tour
Anderson,IN 46012
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Subdivision J M Ruddells
MLS Listing ID 22055815
Year Built 1917
Tax Year 2024
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Duplex
Property Description
PRIME INVESTMENT OPPORTUNITY: Proven Student Rental Near Anderson University! Introducing 341 Park Avenue, an exceptional investment property ideally located just steps from Anderson University in Anderson, Indiana. Built in 1917, this home offers timeless curb appeal paired with consistent rental demand, making it a smart addition to any investor's portfolio. || PROVEN RENTAL TRACK RECORD: Currently owned by a long-term investor, this property has a successful history of renting to university students, with high occupancy rates and reliable cash flow. The main level features three bedrooms, a full bath, and classic touches like hardwood floors, arched doorways, and craftsman-style woodworking-all attractive features for student tenants seeking comfort and character. || DUAL-INCOME POTENTIAL: Unlock dual-income streams with the fully finished basement apartment. Boasting its own private entrance, kitchen, full bath, and multiple storage rooms, this one-bedroom unit offers flexibility for separate leases or bundled rental arrangements. Both units share easy access to the laundry area, minimizing utility and maintenance expenses. || LOCATION AND AMENITIES THAT ATTRACT TENANTS: With a fenced backyard, large concrete parking pad, and secure storage shed, the home easily meets student lifestyle needs-including parking and secure space for bikes or gear. Overlooking a tranquil grassy area owned by a nearby church, it provides a quiet environment still within close reach of campus life. || SECURE, STEADY INVESTMENT: Take advantage of a property with proven performance and a prime location in the heart of one of Anderson's most desirable student rental areas. 341 Park Avenue offers reliable income potential and minimal vacancy risk due to its proximity to Anderson University and its longstanding reputation among students. Seize this chance to expand your portfolio with a property designed for rental stability and long-term returns.
Location
State IN
County Madison
Rooms
Basement Apartment,Daylight,Egress Window(s),Exterior Entry,Finished,Full,Interior Entry
Interior
Heating Baseboard,Electric,Forced Air,Natural Gas
Cooling Central Air
Fireplace N
Exterior
Exterior Feature Storage Shed
View Y/N true
View Park/Greenbelt
Roof Type Shingle
Building
Story Two
Foundation Block,Full
Architectural Style Craftsman,Bungalow
Structure Type Vinyl With Stone
New Construction false
Schools
Middle Schools Highland Middle School
High Schools Anderson High School
School District Anderson Community School Corp