409 Waynetown Road, Crawfordsville, IN 47933

$249,900

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List Price: $249,900
MLS#: 22122420
Days on Market: 2
Status: ACTIVE

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Property Description

INVESTOR OPPORTUNITY! Add a four-unit income-producing property to your portfolio with $2900 in current monthly rental income, or $34,800 annually. Priced at $249,900, this Crawfordsville fourplex offers multiple revenue streams, four separate apartments, and additional storage that adds value for both the owner and tenants. The property includes two 1-bedroom apartments plus larger 2- and 3-bedroom units, providing a diverse mix that can appeal to different segments of the rental market. The lower-level apartment is one of the four units and is one of the larger apartments. It features a partial walk-out design, egress windows, and exterior access. Select units also offer laundry connections. Current rents are well below market rates and range from $575 to $825 per month, giving an investor an established income stream from day one and potential growth. Tenants pay their own electric, while the owner currently pays sewer, trash pickup, lawn care, and gas where applicable. Beyond the four apartments, the property offers four separate storage units and a carport accommodating two vehicles. The former attached garage is now utilized strictly for storage. The approximately 0.53-acre property also features a brick exterior, mature trees, and asphalt parking. At $249,900, the property represents an attractive entry point for investors seeking a multi-family asset with four rental units, established rents, multiple bedroom configurations, and additional storage income potential. Whether you're expanding an existing portfolio or looking for your first multi-family investment, this property offers the opportunity to build equity while generating rental income. Conveniently located on Waynetown Road in Crawfordsville and served by Crawfordsville Community Schools. Property is being sold subject to tenant rights.

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