Triplex Student Apartments Near
Purdue University, West Lafayette, Indiana

Click on photo to see larger version.

Contact:

Contact Barry RubinC. Barry Rubin
RealtorĀ®
Owner/Broker
Commercial Brokers, Inc.

email
cell    765.426.8898
office 765.497.9993

 

434 N Grant St, West Lafayette, IN

$399,000

Building Size (SF): 2979

Zoned: R3

Units: (1) 4 bedroom, 2 bath unit on 2 floors with 2 living areas; (2) 2 bedroom, 1 bath units (1 on second floor, 1 in converted garage)

Well maintained 3 unit student rental in converted house. Very desirable on campus location, directly across from Purdue University. This building sells out fast; it is already sold out for 2012-2013 academic year. This building has a new roof (2011). Property has developmental opportunities.

Cap Rate: 7%.

Financial Summary: (proposed)

Year
2012-13
Effective Gross Income
$40,080
Operating Expenses
$12,113
Net Operating Income
$27,967

Map

 

 

 

 

 

 

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