8372 East US Highway 36

Avon, IN 46123

$499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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
  1. Listed by Jillian Stevens • CENTURY 21 Scheetz • jstevens@c21scheetz.com

Property Details for 8372 East US Highway 36

Subdivision Name
No Subdivision
Township
Washington
Waterfront
No
Zoning
R-2 (Avon)

Location

Listing Courtesy of CENTURY 21 Scheetz
Add your commute
LISTING UPDATED: 04/11/2024 06:10 PM

Property Details for 8372 East US Highway 36

StatusActive
MLS #21972501
Days on Market25
Taxes$1,301 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1947
Lot Size0.90 AC / 39,204 SF
CountyHendricks County

Location

Listing Courtesy of CENTURY 21 Scheetz
Add your commute

Building Information for 8372 East US Highway 36

Stories-Residences2Year Built1947Building Size-Lot Size0.90 AC / 39,204 SF

Payment Calculator

$2,940 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,723

Property Taxes

$217

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8372 East US Highway 36

Summary
Location and General Information
  • City: Avon
  • County Or Parish: Hendricks
  • Directions: GPS Friendly
  • Postal Code: 46123
  • Postal Code Plus4: 7775
  • Road Access: See Remarks
  • Road Frontage Type: Highway
  • State Or Province: IN
  • View: No
Taxes and HOA Information
  • Parcel Number: 321001390008000031
  • Semi Annual Property Tax Amt: 1301
  • Tax Year: 2023
  • TaxLot: 32-10-01-390-008.000-031
School Information
  • Elementary School: Maple Elementary School
  • High School: Avon High School
  • Middle Or Junior School: Avon Middle School North
  • School District: Avon Community School Corp
Parking
  • Garage Spaces: 4.0
Property
Lot Information
  • Acreage: 1/2-1 Acre
  • Current Use: Residential
  • Lot Description: City Lot, Not In Subdivision, Street Lights
  • Lot Size Square Feet: 39204.0
  • Lot Size Acres: 0.9
  • New Construction: False
  • Structure Type: Duplex
  • Year Built Numeric: 1947
  • Living Area Source: Broker
Property and Assessments
  • Affected by Disclosures: No
  • Conversion: No
  • Legal Subdivision: Pt Se Sw 1-15-1E 0.90Ac
  • Photos Count: 32
  • Property Attached: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Road Surface Type: Asphalt
  • Transaction Type: Sale
  • Property Condition: Updated/Remodeled
Green Features
  • Green Certification: No
Utilities
  • Solid Waste: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Out Building With Utilities
  • Fencing: Partial
Interior Features
  • Basement Description: Partial
  • Basement YN: Yes
  • Cooling: Central Electric
  • Levels: Three Or More
  • Multi Baths: 3
  • Multi Beds: 3
Multi Family
Multi-Family Information
  • Total Units: 2
  • Garage Parking: 2 Car Garage, Parking Lot, Paved Area
Income & Expenses
  • Expenses: 0
  • Gross Income: $825.00
Unit 1
  • Unit Kitchen: 100
  • Unit Levels: 2
  • Unit Rent Frequency: Monthly
  • Unit Type Type: 2 Bedroom

Property History for 8372 East US Highway 36

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 8372 East US Highway 36

Taxable ValueLand$47,400Additions$256,700Total$304,100
Tax Record2023$6,812 ($568 / month)
Home Facts
Beds4Baths3Total Finished SqFt3,310 SqFtAbove Grade Finished SqFt3,310 SqFtStories2Lot Size39,204 SqFtStyleSingle Family ResidenceYear Built1947Year Renovated1970CountyHENDRICKSAPN32-10-01-390-008.000-031

Schools near 8372 East US Highway 36

This home is within Avon Community School Corp.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - PK to 4
Public - 5 to 6
Public - 6 to 8
Rating
School
Distance
White Oak Elementary School
PublicPK to 4

Maple Elementary School
PublicPK to 4

Avon Intermediate School East
Public5 to 6

Avon Middle School North
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8372 East US Highway 36 is a multi-family home for sale in Avon, IN 46123. This property was listed for sale on April 5, 2024 by CENTURY 21 Scheetz, it's currently listed at $499,000. It has been on the market for a total of 25 days and was last sold on October 27, 2023. This listing's school district is Avon Community School Corp. Nearby schools include White Oak Elementary School, Maple Elementary School and Avon Intermediate School East. 8372 East US Highway 36 is a 0-bed, 0-bath, multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 Scheetz

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.