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🏚️ Cheap Entry HUGE Big Potential 📈 – 238 S Scatterfield Rd, Anderson, IN 46012 For Sale

  • $63,500
  • 2 beds
  • 1 baths
  • 840 sqft
Deep value-add opportunity in the Fosnots area with strong rental potential and a low entry price 📈

This 1952-built single-family home features 2 bedrooms (has a 3rd room that could be utilized) , 1 bath, and 840 sq ft, along with a 1-car attached garage, making it a solid candidate for a rental-focused strategy or full rehab flip.

📈 Nearby as-is sales range from $60K–$90K, supporting investor demand at this price point.

Property Condition: heavy rehab required.

🔧 Mechanics:

  • Furnace — 3 years old 🔥
  • Roof — 15 years old 🏠
  • Vinyl Windows 🪟
  • Crawl space foundation

🚗 1-car attached garage
🌳 Large 13,300 sq ft lot
🔌 Utilities through Anderson Utilities & CenterPoint (electric, water, gas, sewer)

With a low entry price and strong rental comps, this property is best suited for experienced investors looking to take on a heavy rehab and create long-term value 🔑💸

📊 Recent Neighborhood Comps:

  • 2315 E 3rd St – 2 bed / 1 bath, 888 sq ft, cash, as-is, 81 DOM, $60,000
  • 817 Alhambra Dr – 2 bed / 1 bath, 792 sq ft, cash, 5 DOM, $70,000
  • 318 Chester St – 3 bed / 1 bath, 1,076 sq ft, cash, as-is, 37 DOM, $70,000
  • 2526 E 5th St – 2 bed / 1 bath, 950 sq ft, cash, as-is, 12 DOM, $80,000
  • 2508 E 4th St – 2 bed / 1 bath, 676 sq ft, as-is, 29 DOM, $89,900

Rental Comps

  • 2608 Fowler – 2 bed / 1 bath, 725 sq ft, $1,000/month
  • 630 Chester – 2 bed / 1 bath, 882 sq ft, $1,250/month

 

Please do not disturb the occupants. Contact us for access details.All of our properties are sold “AS IS, WHERE IS” and buyer is responsible for their own due diligence before purchase. Our properties sell quickly to our highest and best offer. We require a signed purchase agreement and $5000 non-refundable earnest money upon acceptance to lock up the deal. This house is being offered for all cash. Also, it is our company policy that the buyer pays for all closing costs including title insurance fee, and assumes taxes due in November or May of this year. All information provided has been gathered to the best of our knowledge. However, we make no representations of any kind and buyer is responsible for conducting their own research before submitting an offer. If you are interested in viewing this property, please respond to this email or contact me at 317-653-6245.

Realtors, we love working with you, please add your fee on top of our price.

Price:
$63,500
Address:
238 S Scatterfield Rd
Anderson, Indiana 46012
Square Feet:
840
Lot Size:
13300
Bedrooms:
2
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1952

Call 317.653.6245 for more details

Property Location