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Listed by Stuart Houghton • Keller Williams Indy Metro Partners
$159,000
Est. payment /mo
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision No Subdivision
MLS Listing ID 22127136
Year Built 1965
Tax Year 2025
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Quadruplex
Property Description
Excellent investment opportunity at 1627 Brown St in Anderson! Centrally positioned in Anderson. This recently renovated 4-unit apartment building offers immediate rental income along with additional upside potential. The property features four 1-bedroom, 1-bath units, with three units currently occupied and one unit vacant. Current gross rental income is approximately $1,625 per month, with the potential for significantly higher income once the vacant unit is leased and rents are optimized. This an attractive opportunity for an investor looking for a multifamily property with improvements already completed. With four income-producing units under one roof, recent improvements, current rental income, and additional income potential, this property offers a strong opportunity to add a multifamily asset to your portfolio. Don't miss this 4-unit investment property!
Location
State IN
County Madison
Interior
Fireplace N
Exterior
Exterior Feature Other
Roof Type Shingle
Building
Story Two
Structure Type Vinyl Siding
New Construction false
Schools
School District Anderson Community School Corp
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