8372 E Us Highway 36 Avon, IN $ 499,000
8372 E Us Highway 36
$ 499,000
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8372 E Us Highway 36

Avon, IN, 46123
$ 499,000
Baths0.0

Monthly Estimate*

$ 3,486

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Studio

Multi-Family Home for sale in Avon, IN

for $499,000. This home was built in 1947 on a lot size of 0.9.

Welcome to this fantastic investment opportunity in Avon, IN, located right on US Highway 36. This property offers a well-maintained duplex with great potential for cash flow and future development. Here is a detailed description of each unit: Unit 1A: - Layout: 2 beds, 2 baths, office, dining room, large family room, 2 lofts, basement - Size: 2,562 sqft - Remodeled in 2013 - Currently vacant and ready for owner occupancy or rental Unit 1B: - Layout: 1 bed, 1 bath - Size: 748 sqft - Updated in 2023 - Currently rented out at $825 per month - Lease expires in May of 2024 Additional Features: - Entire property zoned R-2 (residential or commercial) - 5,000 sqft asphalt parking lot - 4-car garage with attic area (previously leased out to a mechanic shop, Potential for alike lease in future) - Spacious grass area behind the property with potential for further development This property presents a unique opportunity for smart investors looking to generate significant cash flow in Avon. With a mix of residential and commercial zoning for the entire property, two well-maintained units, and additional space for potential expansion, this property is a valuable asset. Please do not disturb the tenants in Unit 1B. Don't miss out on this chance to invest in a prime location with promising returns

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Multi-Family Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 2,602

Style

Duplex

Lot Size

0.9

Year Built

1947

Town/City

Avon

County/Region

Hendricks

MLS | Web ID

21972501

Features
General
Cooling Central Electric
Possession Closing Subject To Tenants Rights
Exterior Features Out Building With Utilities
Zoning R-2 (Avon)
Garage Spaces 4
Year Built 1947
Township Washington
Levels Three Or More
Property SubType Duplex
Tax Year 2023
Current Use Residential
County Hendricks
New Construction N
Property Type Residential Income
Subdivision Name No Subdivision
Status Active
Directions GPS Friendly
High School Avon High School
City Avon
Buyer Agent Compensation 3
View Y/N N
High School District Avon Community School Corp
Total Units 2
MLS Area 3204 - Hendricks - Washington
Lot Size Square Feet 39204
Waterfront Y/N N
Street Name Us Highway 36
Elementary School Maple Elementary School
Property Attached Y/N Y
Middle/Junior High School Avon Middle School North
Property Condition Updated/Remodeled
Days on Market 7
Structure Type Duplex
Standard Status Active
Tax Lot 32-10-01-390-008.000-031
Buyer Agent Compensation Type %
Legal Description Pt Se Sw 1-15-1E 0.90Ac
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Interior
Basement Partial
Basement (Y/N) Y
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Exterior
Fencing Partial
Parking Features Detached
Lot Features City Lot Not In Subdivision Street Lights
Lot Size Acres 0.9
Road Surface Type Asphalt
Road Frontage Type Highway
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* Excluded Features
List By
Century 21 Scheetz

Broker

jstevens@c21scheetz.com

Email

Affordability Calculator

$3,702
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,486
Monthly Property Taxes
$217
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
4051973 Elementary School
4200248 Middle School
Avon High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2024$499,000 Listed Price

Map


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8372 E Us Highway 36, Avon, IN, 46123 is a Multi-Family Home for sale at $499,000 with a lot size of 0.9. 8372 E Us Highway 36 is a studio with 0.0 baths and was built in 1947. The property's zip code is 46123 which is in Avon, IN