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Listed by Jonah Hartsburg • Hoosier Hub Realty, LLC
$ 114,900
Est. payment | /mo
6,098 Sqft Lot
$ 114,900
Est. payment | /mo
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22068619
Year Built 1890
Tax Year 2024
Lot Size 6,098 Sqft
Acres 0.14
Property Sub-Type Quadruplex
Property Description
Anderson quadplex ready for its next investor! This fully occupied four-unit property includes two main-level units and two upper-level units, all 1-bed and 1-bath apartments, offering a balanced layout and straightforward management. With current under-market rents producing approximately $1,725 per month in gross income, the property provides solid cash flow with room to grow as updates are completed between turns. Two storage sheds offer additional on-site utility for tenants or the owner. Priced near the 1.5% rule and with potential for a BRRR-style strategy, this property presents a rare opportunity to acquire an income-producing asset with clear value-add potential.
Location
State IN
County Madison
Interior
Fireplace N
Exterior
Garage Spaces 2.0
Roof Type Asphalt
Building
New Construction false
Schools
School District Anderson Community School Corp
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