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Property profile & analytics
OFF-MARKET
Residential income homes
4055 Main St, Avon, IN 46123-9401
Entity Owned
4-yr Hold
Free & Clear
Property ID
US31-0561782
Property summary
AI-generated overview
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 profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1957
Construction
TYPE NOT SPECIFIED
Total area
3,381 SF
Lot
4.77 ac (207,781 SF)
APN
32-10-08-100-005.000-022
UPID
US31-0561782
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Maners Apartments LLC · 4 yrs held
Maners Apartments LLC
since 2021
Last sale
$335,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Avon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,682
Tax year 2023
Assessed value
$387,600
Assessed 2023
Previous assessed
$387,600
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$190,800
Assessed improvement
$196,800
Land market value
$190,800
Improvement market value
$196,800
Total market value
$387,600
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
2
Stories
1
Units
4
Total area
3,381 SF
Lot
4.77 ac (207,781 SF)
APN
32-10-08-100-005.000-022
UPID
US31-0561782
Jurisdiction
HENDRICKS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Buildings
2
Units
4
Lot
4.77 ac
Current owner
From public records · entity-resolved
Maners Apartments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
433 N COUNTY RD 625TH E, AVON, IN 46123-9021
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2021
—
Maners Apartments LLC
Joseph E Trout
Quit Claim Deed
related
—
Apr 17, 2019
$335,000
Joseph E Trout
Maners Trust
Deed
—
Apr 17, 2019
—
Maners Trust
Wanda L Maners
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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