$850,000 Price Analysis    ♡   West Lafayette, IN 47906 14 bed 8 bath 6,368 SqFt ($133/SqFt) 0.28 acre lot. Built 2000 Listed 2023-11-06, Taxes $7,013 | Ⓧ USDA Ineligible due to price & location near West Lafayette |
Prime investment opportunity minutes from Purdue University in West Lafayette.
* Sale Pending *This fully rent ed 6-unit building offers an unbeatable location off the 231 bypass, providing seamless access to campus, retail stores, fast food, restaurants and services. The area is witnessing strong growth and development, making it a lucrative choice for investors. The building is well-maintained with most units having had updated flooring, paint, appliances and water heaters.
Currently at high occupancy, there's room for rent increases, maximizing your potential returns. This exclusive property features two 3-bedroom units and four 2-bedroom units, making it one of two buildings in th development with six units. Priced at a competitive 6.75 Cap Rate, this investment promises steady income and significant appreciation potential. Don't miss this rare opportunity to secure your future in this thriving market.
Presented by Scott Brown at
KELLER WILLIAMS LAFAYETTE.
Property MLS #202340775 from IRMLS
Basement Description: Slab
Full Bathrooms: 8
# of Disposals: 6
Heating Features: Electricity
Flooring: Carpet, Ceramic Tile, Laminate
Lot Size Acres: 0.28
Lot Size Dimensions: Irregular
Lot Size Square Feet: 12197
Road Surface Type: Asphalt
Garage Description: Off Street, Paved, Private
Number of Units: 6
Number of 2 Bedroom Units: 4
Number of 3 Bedroom Units: 2
Bedrooms in Unit-1: 3
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Bedrooms in Unit-6: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-6: 2
Total Rooms in Unit-1: 6
Unit 1 Total Actual Rent: 1400
Unit 2 Total Actual Rent: 950
Unit 3 Total Actual Rent: 950
Unit 4 Total Actual Rent: 950
Unit 5 Total Actual Rent: 950
Unit 6 Total Actual Rent: 1200
High School: William Henry Harrison
Middle School: Klondike
School District: Tippecanoe School Corp.
Map directions Map directions Map directions Map directionsLease Term: 1 Year
Tenant Pays: Electric, Water
Source Listing Status: Pending
County: Tippecanoe County
Directions: Bethel Dr. SW corner of US 52 & US 231
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 3100
Number of Separate Electric Meters: 6
Number of Separate Water Meters: 6
Owner Pays: Association Dues, Building Insurance, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection
Parcel Number: 79-06-02-328-004.000-023
Property Location: City/Town/Suburb, Near Airport, Near College Campus
Township: Wabash
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $466,100 + $unknown $466,100 | $7,013 |
| 2020 | $452,300 + $unknown $452,300 | $7,031 |
| 2019 | $434,700 + $unknown $434,700 | $6,590 |
| 2018 | $424,100 + $unknown $424,100 | $6,302 |
| 2017 | $368,300 + $44,300 $412,600 | $6,117 |
| 2017 | $417,800 + $unknown $417,800 | $6,117 |
| 2016 | $354,300 + $44,300 $398,600 | $6,018 |
| 2015 | $340,800 + $44,300 $385,100 | $5,912 |
| 2013 | $339,400 + $44,300 $383,700 | $5,865 |
| 2012 | $304,900 + $44,300 $349,200 | $5,705 |
| 2011 | $290,700 + $44,300 $335,000 | $5,507 |
| 2010 | $302,800 + $45,000 $347,800 | $5,500 |
| 2007 | $364,300 + $45,000 $409,300 | $6,260 |
| 2007 | $396,900 + $45,000 $441,900 | $6,260 |
$850,000
IRMLS
Listing removed 2021-02-21
$0
RentlinxUnits
Listed for rent 2021-02-14
$850
RentlinxUnits
Listing removed 2020-09-12
$0
RentlinxUnits
Listed for rent 2020-08-06
$890
RentlinxUnits
Sold 2016-08-30
$354,000
Public Record
Listing removed 2016-06-21
$390,000
LafayetteIN
Price Changed 2016-06-16
$390,000
LafayetteIN
Listed 2016-03-18
$399,900
LafayetteIN
Year Built: 2000
Above Grade Finished Area: 6368
Property Age: 24
Roof: Asphalt, Shingle
Levels or Stories: 2
Structure Type: Sixplex
House Style: Two Story
Total Area Main: 3184
Total Area Sqft: 6368
Total Area Upper: 3184
Architectural Style: Traditional
Public
Water Sewer Expense: 3600
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.