218 4th Street, North Vernon, IN 47265
- $150,000
- $150,000
- $150,000
- $150,000
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.
Address
Open on Google Maps-
Address: 218 4th Street
-
City: North Vernon
-
State/county: IN
-
Zip/Postal Code: 47265
-
Area: No Subdivision
Details
Updated on February 5, 2026 at 10:16 pm-
Property ID 22082490
-
Price $150,000
-
Land Area 0.16 Acres
-
Garage Size x x
-
Year Built 1868
-
Property Type Quadruplex, Residential Income
-
Property Status Active
Additional details
-
County Jennings
-
Property Type Residential Income
-
Middle School Jennings County Middle School
-
High School Jennings County High School
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees