404 E O And M Avenue, North Vernon, IN 47265

Property 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.