412 Spann Avenue, Crawfordsville, IN 47933
- $224,900
- List Price
- $224,900
- MLS#
- 22122387
- Days on Market
- 27
- Status
- PENDING
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.
Additional Information
- Expenses
- 450
- Tenant Pays
- Cable TV, Electricity, Insurance, Trash Collection
- Owner Pays
- Ins Hazard, Insurance, Lawncare, Sewer, Water
- Foundation
- Slab
- Stories
- One
- Architecture
- Ranch
- Exterior Amenities
- Not Applicable
- Acres
- 0.12
- Heat
- Baseboard, Electric
- Cooling
- Wall Unit(s)
- Financing
- Conventional
- Region
- Union
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Listing courtesy of Taylor Real Estate Specialists.
Information Deemed Reliable But Not Guaranteed. © 2026 MIBOR Broker Listing Cooperative