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Listed by Andrew Flora • 1 Percent Lists Indiana Real Estate
$ 150,000
Est. payment | /mo
6,969 Sqft Lot
$ 150,000
Est. payment | /mo
6,969 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22082490
Year Built 1868
Tax Year 2024
Lot Size 6,969 Sqft
Acres 0.16
Property Sub-Type Quadruplex
Property Description
Value-Add 4-Unit Residential Investment | Cash Flow + Upside | Walkable Downtown Location This 4-unit residential investment property offers investors a rare combination of current income, immediate upside, and long-term appreciation potential in a strategic, walkable location near downtown. At full occupancy, the property generates $2,540 in monthly revenue, with one unit currently vacant, providing a clear opportunity for a buyer to increase income from day one. With targeted capital improvements, market rents support projected income of $3,000+ per month, making this an attractive cash-flowing asset and value-add play. The property is already supported by a high-quality, professional property management company, allowing for a passive ownership experience-ideal for both seasoned investors and those looking to scale without adding operational burden. Situated within walking distance to downtown, the property benefits from a location that continues to strengthen as the area sees ongoing public and private investment, supporting future rent growth and appreciation over time. Investment Highlights: 4-unit residential property $2,540/month at full occupancy One vacant unit provides immediate upside Market rent potential of $3,000+ per month Value-add opportunity through capital improvements Professional property management in place Walkable to downtown with long-term appreciation potential This is an excellent opportunity to acquire a stabilizing asset with built-in upside in a growing downtown corridor-perfect for investors seeking reliable cash flow today and equity growth tomorrow. For financials, additional details, or to schedule a showing, reach out today.
Location
State IN
County Jennings
Interior
Fireplace N
Building
Story Two
New Construction false
Schools
Middle Schools Jennings County Middle School
High Schools Jennings County High School
School District Jennings County School Corporation
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