140 S Salisbury, West Lafayette, Indiana

This building sold on August 29, 2008!

We completed the new construction of this upscale apartment complex - only 3 blocks from the Purdue campus - in August, 2007. The 12 units have 1 bedroom and 650 sf each, with all the amenities.

No. Units: 12
Building Size: 9,800 SF
Lot Size: 9,360 SF
Stories: 3
Occupancy: 100.00%
Parking ratio: 1/1000 SF
Price: $1,150,000
Price/Unit: $100,000.00
Cap Rate: 7.00%
Year Built: 2007 (completion expected early August, 2007)
Commission split: 2%
Loopnet Property ID: 15171587

Financial Summary:

Scheduled Gross Income: $104,400
Effective Gross Income: $102,312
Operating Expenses: $18,300
Net Operating Income: $84,012

Highlights:

• washer/dryer in all units
• sprinkled
• ceramic kitchen & bath
• secured entry
• refrigerator, stove, microwave, dishwasher, disposal
• all electric

Apartment Photo Gallery

Floor plan of 1 bedroom unit

Construction Photos

Mapquest Link