4055 E Main ST Pending Save Request In-Person Tour Request Virtual Tour
Avon,IN 46123
Key Details
Property Type Commercial
Sub Type Multi-Family 5+
Listing Status Pending
Purchase Type For Sale
Square Footage 3,381 sqft
Price per Sqft $495
MLS Listing ID 21985321
Year Built 1957
Tax Year 2023
Lot Size 5.360 Acres
Acres 5.36
Property Description
Rare opportunity in Hendricks County to purchase fully occupied and income producing 8 unit apartment buildings with this much ground untouched to add more buildings and further develop. This residential zoned property has conceptual development drawings that seller will share if interested or you can create your own dream development. Current plan consists of adding 3 more buildings and 18 more units and garages, projected rents after re-development of 1500/mo per unit. Sale consists of 2 parcels, 2 existing buildings and ground totaling 5.3 acres. Avon school district, existing units bringing around $800/mo currently all 2 bedroom 1 bath units, gas and electric metered separately, owner pays water.
Location
State IN
County Hendricks
Zoning Residential
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected,Gas,Sep Electric Meter,Sep Gas Meter,Septic System,Water Connected
Waterfront false
Building
Story One
Foundation Block
New Construction false
Schools
High Schools Avon High School
School District Avon Community School Corp