$450,000

8372 E Us Highway 36, Avon, IN 46123

  • Property Icon Duplex
  • Property Year Built Icon Built in 1947
  • Property Lot Size Icon0.9acre lot
  • Property Parking Icon 4 car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Prime investment opportunity in the heart of Avon! Positioned directly on US Highway 36, this versatile property offers the rare combination of immediate cash flow, owner-occupant potential, & future development opportunities-all in one of Avon's most visible & high-demand locations. Property Highlights of Duplex Units: Unit 1: 2,562 sq ft, remodeled in 2013| 3 Bedrooms | 2 Bathrooms | Dining Room | Large Family Room | 2 Spacious Lofts | Lower level that can be finished and used as an entertainment room/ flex space. Currently vacant-ideal for an owner-occupant, long-term rental, or even short-term rental opportunity. Unit 2: 748 sq ft, updated in 2023 | 1 Bedroom | 1 Bathroom & is currently rented at $800/month (lease expires Sept 2026.) Entire property zoned R-2 (Residential or potential commercial), expansive 5,000 sq ft asphalt parking lot-ample space for tenants, clients, or future potential commercial use, 4+ car garage w/ attic storage-previously leased to a mechanic shop & currently leased to a small business owner for $500/mo (lease expires Sept 2027) who uses it for storage for their painting/ flooring business. Large backyard/green space-perfect for further development or outdoor use as well. This is more than just a duplex-it's a prime investment opportunity in Avon's thriving market. Whether you're looking to house-hack, expand your rental portfolio, or develop a property with unbeatable exposure, this property checks all the boxes. Please respect tenant privacy in Unit 2.

Listing Status:
Active
Listing Office:
RE/MAX Advanced Realty : 317-717-4510
Listing Agent:
Lindsey Winkhart : 317-717-4510
MLS ID:
22062136
  • Basement: DaylightEgress Window(s)Partial
  • A/C: Central Air
  • Heating: Natural Gas
  • General: Outbuilding
  • Parking: Detached
  • General: TwoCrawl Space
  • Road/Access: Highway
  • Originating MLS: mibor
  • School District: Avon Community School Corp
  • County: Hendricks
  • Zoning: R-2 (Avon)Pt Se Sw 1-15-1E 0.90Ac321001390008000031
  • Fencing: Partial
  • Current Use: Residential
  • Source: mibor

This listing courtesy of Lindsey Winkhart, RE/MAX Advanced Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Maple Elementary School

7237 E US Highway 36, Avon, IN, 46123

Grades KG-4

0.95 miles away

A

Avon Middle School North

1251 N Dan Jones Rd, Avon, IN, 46123

Grades 7-8

1.19 miles away

A

Avon High School

7575 E County Road 150 S, Avon, IN, 46123

Grades 9-12

1.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.