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    4055 Main St Avon, IN 46123

    Sponsored
    For Sale
    $1,450,000

    Eight-unit complex, 5.36 acres, high potential.

    Property size:
    3,381 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a rare chance to acquire a fully occupied, eight-unit multi-family property situated on a substantial 5.36-acre lot in Avon, Indiana. The property consists of two parcels encompassing two existing buildings, each featuring four two-bedroom, one-bathroom units. Currently generating approximately $800 per month per unit, this property offers immediate income potential. All units are individually metered for gas and electricity

    Property Features for 4055 Main St

    General Information

    Property type
    Residential income properties
    Square Feet
    3,381 SF
    Lot Size
    233,482 SF

    Building Details

    Year Built
    1957
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Hendricks
    State
    Indiana
    Longitude
    -86.45515
    Latitude
    39.76082

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    FAQs

    What type of property is this?
    Residential income property - Eight-unit complex, 5.36 acres, high potential.
    Where is this residential income property located?
    The property is located at 4055 Main St Avon, IN.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (317) 491-3041
    Request Owner's contact information
    4055 Main St Avon, IN 46123
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    Avon, IN 46123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4055 Main St Avon, IN 46123
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