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Luxury Keys
1720 W 24th Street, Anderson, IN 46016
- $69,149
- 2
- BD
- 1
- BA
- 1,629
- SqFt
- Sold Price
- $69,149
- List Price
- $65,000
- Closing Date
- Jul 30, 2026
- MLS#
- 22083657
- Property Type
- Residential
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft. of Residence
- 1,629
- Year Built
- 1948
- Days on Market
- 116
- Status
- SOLD
Property Description
Welcome to 1720 W 24th St, a turnkey, tenant-occupied investment opportunity located just southwest of downtown Anderson. This durable concrete block ranch sits on a manageable corner lot fully enclosed by a chain-link fence and offers strong rental fundamentals from day one. The current lease runs from 5/1/26 through 4/30/27 at $900/month, which hits nearly a 1.4 rent-to-price ratio and provides immediate cash flow for the next owner. The tenant is responsible for all lawn maintenance and utilities, and the property is professionally managed by Midwest Property Management, making this a truly hands-off addition to your portfolio. The home features 1,086 sq ft with 2 bedrooms, 1 full bath, a split-bedroom layout, arched doorways, galley-style kitchen with ample cabinet space, side-by-side laundry hookups, central heat/air, a 588 sq ft unfinished basement with daylight windows, and a 1-car attached garage. The unique blue metal roof adds curb appeal and long-term durability, while the front deck and ramp provide easy accessibility. Located around the corner from Anderson Speedway and Jackson Park, and under 10 minutes from St. Vincent Hospital, Meadowbrook Golf Course, the casino, and horse track, this property is well positioned for continued rental demand. Property is sold as-is, price is firm, and no creative/seller financing or wholesalers will be considered.
Additional Information
- Basement
- Daylight, Unfinished
- Foundation
- Block
- Stories
- One
- Architecture
- Ranch
- Interior
- Attic Access
- Exterior Amenities
- Exterior Handicap Accessible
- Acres
- 0.14
- Heat
- Forced Air
- Cooling
- Central Air
- Financing
- Conventional
- Appliances
- Electric Oven, Refrigerator
- Semi-Annual Taxes
- $314
- Garage
- Yes
- Region
- Anderson
- Areas
- Laundry in Unit
- Eating Areas
- Dining Combo/Living Room
Listing courtesy of Peter Stewart. Keller Williams Indpls Metro N
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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID. 
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.