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Listed by Lisa Taylor • Taylor Real Estate Specialists
$ 224,900
Est. payment /mo
New
412 Spann AVE Crawfordsville, IN 47933
5,227 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Wabash Terrace
MLS Listing ID 22122387
Year Built 1992
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Quadruplex
Property Description
FOUR-UNIT INVESTMENT OPPORTUNITY! This Crawfordsville fourplex offers investors a straightforward opportunity to own a fully occupied, income-producing property with four identical 1-bedroom, 1-bath apartments. Built in 1992, the property offers 2,016 square feet of living space and a consistent layout that makes the property easy to manage and evaluate. Current rents total $2,425 per month, or $29,100 annually, with each apartment offering approximately 504 square feet, including a living area, kitchen, bedroom, full bath, and laundry connections. Each unit features its own laundry connections, while one unit include a washer/dryer. The single-level ranch design and vinyl exterior provide a practical, low-maintenance configuration. The property also offers convenient off-street parking lots, along with additional on-street parking. Tenants are responsible for their own electric, renter's insurance, cable, and trash pickup. The owner currently pays water, sewer, lawn care, property insurance, and liability insurance. This property offers an attractive opportunity for an investor seeking an established multifamily asset with four income-producing units, consistent rental income, and a manageable property layout. Whether you're expanding an existing portfolio or looking for an entry into multifamily investing, this fourplex deserves a closer look. Conveniently located in Crawfordsville and served by Crawfordsville Community Schools. Property is being sold subject to tenant rights.
Location
State IN
County Montgomery
Interior
Heating Baseboard, Electric
Cooling Wall Unit(s)
Fireplace N
Exterior
Exterior Feature Not Applicable
Garage Spaces 4.0
View Y/N true
View Neighborhood
Roof Type Asphalt,Metal
Building
Story One
Foundation Slab
Architectural Style Ranch
Structure Type Vinyl Siding
New Construction false
Schools
School District Crawfordsville Community Schools
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