Multi-Family for Sale
Catylist Listing ID: 30708829
Property Subtypes: Student Housing
Number of Units: 16 Units
Building Size (RSF): 19,528 SF
Gross Building Area: See Agent
Sale Price: $3,700,000
Unit Price: $231,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/18/2021

Overview / Comments

414-422 Vine Street, West Lafayette, IN-2 Buildings with a combined square footage of 19,528 SF, 16 units-(15) 3 bedrooms, (1) 1 bedroom.
31 parking spaces
All brick building
All units have access to laundry
100% leased
More possible units
2 blocks from campus
Income: $316,000
Expense: $116,000
NOI: $200,000 5.4% CAP

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Additional Details

Nearest MSA: Lafayette-West Lafayette
County: Tippecanoe
Tax ID/APN: 79-07-19-232-032.000-026
Percent Occupied: 100%

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 28,000 89,245 134,865
Median Age: 22.65 30.02 31.18
Households: 7,124 33,203 51,919
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