4201-4203 Mellen Drive, Anderson, IN 46013
4201 Mellen Drive

4201 Mellen Drive

Action Required: No Wholesaler offers will be considered. Proof of funds and all contracts must be in the name of the end user. All showings require proof of funds, no exceptions. Currently a rental, Keep it as a rental and raise rents to fair market value when current lease expires. (Shortage of Section 8 Housing in Anderson. See upside remarks below) Current Financials: Currently leased out for a total of $1,650 per month. Unit 1 - Leased out for $800 per month (Month to Month) Unit 2 - Leased out for $850 per month (Month to Month) Upside Potential: According to the 2024 HUD Fair Market Rents (FMRs) for the 46013 Zip Code, there is substantial room for rent increase, with the potential to raise total rent to $2,280 per month. Property can be sold as a package deal with a SFR or individually. Listing Broker has a spreadsheet with underwriting analysis on investment property, PDF copy of the underwriting on file. If represented by an outside agency, connect your representative. In order to receive financial information and data analysis buyer must register through the listing broker even if represented by an outside agency. Please note: Interior of property has not been examined due to current tenant occupancy. Tenant rights do apply until lease expires. All financial projections and data are based on available information and should be independently verified by the buyer. Once under contract buyer may conduct physical inspection to verify the condition of property. 1913 Norwood Pl priced at $130,000 can be bought with this investment property as a package or individually. See MLS listing. Walkthrough times are as follows: Available Monday through Friday until 5pm. Available all day Saturday.
  • Sold
  • 1971 BUILT
  • 0.31 Acres LOT

Jordan Ice

PHONE NUMBER 3175014499
EMAIL ADDRESS [email protected]
License RB23001166
Contact Agent

Features & Amenities


  • Stories: 1
  • Garage Space: 2.0
  • Parking:Attached
  • Air Conditioning:Central Electric


  • SALES PRICE $185,000

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