404 E O And M Ave, North Vernon, IN

Name: 404 E O And M Ave, For Sale in North Vernon - eXp Realty
Brand: 1 Percent Lists Indiana Real Estate
SKU: 22082491
Price: 230000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$230,000

000

MLS® 22082491

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

HOA Fees

Taxes

Days Active 2

Approx. Age 1868

MLS® Number 22082491

Property Address: 404 E O And M Ave, North Vernon, IN, 47265-1216

Average square foot calculated using Size range provided by listing agent.

Description

Prime Downtown Mixed-Use Investment | 6 Units | 100% Occupied | Value-Add Opportunity Located in the heart of downtown North Vernon on the historic "Brick Street" (O & M Avenue), this 6-unit mixed-use commercial property presents a compelling opportunity for investors seeking immediate cash flow with significant upside. The asset features a successful, long-standing commercial storefront with a lease in place, complemented by four one bedroom residential apartments upstairs, creating a diversified and stable income stream. The property is currently 100% occupied, producing $4, 322 in monthly revenue, offering investors day-one income with minimal vacancy risk. With targeted capital improvements, market rents support projected income of $5, 500+ per month, positioning this property as an ideal value-add opportunity. Whether your strategy is strong ongoing cash flow, forced appreciation through improvements, or building equity to fund your next acquisition or future exit, this asset checks all the right boxes. A professional property management company is already in place, making this an excellent option for investors looking for a passive, hands-off investment. Key Highlights: 6-unit mixed-use commercial building 100% occupied $4, 322 current monthly income Upside to $5, 500+ monthly with improvements Leased storefront + residential units Historic, high-visibility downtown location Property management in place Please note: This offering is for the real estate only. The business occupying the storefront is not included in the sale. Kindly do not disturb the business or residential tenants. For financials, additional details, or to schedule a showing, reach out today. Opportunities like this-stable income with clear upside in a historic downtown corridor-are increasingly hard to find.

MLS® Number22082491

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1868

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 3, 2026List Date

$230,000List Price

Jan 24, 2025End Date

$708Sold Price

Leased

Jan 10, 2025List Date

$875List Price

Commute

Commute

Starting Address

Destination Address

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