🟥🟩⬜ Anderson Flip with Big Upside – 621 Federal Dr, Anderson, IN 46013 For Sale

Low entry point, strong upside, and solid rental potential make this one worth a look.

This 1950-built single-family home offers:
🛏️ 2 Bedrooms
🛁 1 Bathroom
📐 798 Sq Ft
🌳 9,576 Sq Ft Lot

Perfect for a fix-and-flip or buy-and-hold strategy.

📊 ARV Support:
Renovated homes in the area have recently sold between $132K–$160K, showing strong value potential after rehab.

🔨 Property Condition: Full rehab required

🔧 Property Highlights:
🏠 Roof — 15+ years
🔥 Furnace — Only 3 years old
❄️ No Central A/C
🚿 Water Heater — 15+ years
🪟 Original Windows
🧱 Crawl Space Foundation

📍 Located in an established neighborhood with proven resale activity and rental demand.

💰 With a low acquisition cost, a newer furnace already in place, and a healthy spread to ARV, this property presents a strong opportunity for investors looking to create equity through renovation.

Nearby Comps:
📍 423 E 37th St — 2BD/1BA — 1,020 Sq Ft — $132K
📍 405 E 38th St — 2BD/1BA — 1,108 Sq Ft — $156K
📍 4005 Main St — 2BD/2BA — 927 Sq Ft — $160K

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.