8372 E Us Highway 36, Avon, IN 46123

Property Description

Prime investment opportunity in the heart of Avon producing $3,300/mo ($39,600/yr) in rental income! 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 leased for 1 yr at $2,000/mo (lease expires Oct 2026.) Unit 2: 748 sq ft, updated in 2023, 1 Bedroom, 1 Bathroom & is currently leased for 1 yr 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 Units 1 & 2. Each unit and outbuilding has it's own utility meters. Tenants pay their own utilities.