1739 Main Street

    Lafayette, IN 47905
    • $195,000
    • STATUS: Active
    • ON SITE: 59 days
    • MLS #: 201940359
    UPDATED: 28 min ago
    $195,000
    • 11
      BEDS
    • 0.25
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 3,830
      SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1915
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Investment opportunity on Main St. in the line of Grown for development. This property in not the best looking rental in town, but the Net Operating Income financials are strong. This property consists of 2 buildings with 7 units. The interior of some units have been remodeled between leases. This property is located between the "Five Points" development corner and the Columbian Park Loeb Stadium project which is under construction. The city of Lafayette is encouraging development along this corridor and the property sits in a prime location for redevelopment. This property could serve as a short term or long term financial investment. 48 hour notice for previews. Financials available upon request.

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    © 2019 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Carole King Team. Data last updated: 2019-11-12T21:28:03.263.

    www.tourlafayettehomes.com/homes/98930105

    1739 Main Street Lafayette, IN 47905

    • Price: $195,000
    • Status: Active
    • Updated: 28 min ago
    • MLS #: 201940359
    11
    Beds
    1
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,830
    SQFT
    $51
    $/SQFT
    1915
    Built
    Neighborhood:
    None
    County:
    Tippecanoe
    Area:
    Tippecanoe
    Elementary School:
    Murdock
    Middle School:
    Sunnyside/Tecumseh
    High School:
    Jefferson
    School District:
    Lafayette
    Property Description
    Investment opportunity on Main St. in the line of Grown for development. This property in not the best looking rental in town, but the Net Operating Income financials are strong. This property consists of 2 buildings with 7 units. The interior of some units have been remodeled between leases. This property is located between the "Five Points" development corner and the Columbian Park Loeb Stadium project which is under construction. The city of Lafayette is encouraging development along this corridor and the property sits in a prime location for redevelopment. This property could serve as a short term or long term financial investment. 48 hour notice for previews. Financials available upon request.
    Exterior Features

    Architectural Style Converted House Exterior Vinyl Location City/Town/Suburb Lot Description 0-2.9999 Lot Dimensions 195X55 Outbuilding None Parking PrivateStreet Parking Spaces 5 Pool YN No Roof Material AsphaltShingle Sea Wall Type None Style Two Story Waterfront YN No

    Interior Features

    Above Grade Bedrooms 11 Above Grade Finished Sqft 3830 Above Grade Unfin Sq Ft 0 Amenities Cable ReadyPatio Covered Basement Foundation Unfinished Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling Central Air Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetLaminate Heating Fuel Forced Air Microwaves 0 Ranges Ovens 7 Refrigerators 7 Rooms Below Grade 0 Total Baths 1 Total Below Grade Sqft 0 Total Sq Ft 3830 Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit4 Bathrooms 1 Unit4 Bedrooms 1 Unit5 Bathrooms 1 Unit5 Bedrooms 2 Unit6 Bathrooms 1 Unit6 Bedrooms 1 Wash Dry Hookups 0 Washers 0

    Property Features

    Annual Electric Expense 3780 Annual Fuel Expense 2856 Annual Gross Rent 61800 Annual Insurance Expense 2400 Annual Maint Expense 200 Annual Misc 125 Annual Net Income 47824 Annual Property Tax 2035 Annual Trash Expense 0 Annual Water Sewer Exp 2580 Assoc Dues Frequency Not Applicable Cable Company Comcast Documents Available Lbp Form Efficiencies 0 Electric Company Duke Energy Indiana Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Vectren Energy Gas Meters 2 Gross Monthly Income 5150 Gross Monthly Rent 5150 Inside City Limits Yes Lease Term Month To Month New Construction No Occup Permit YN No One Bedrooms 4 Owner Pays ElectricSewerTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays Cable Three Bedrooms 1 Township Fairfield Two Bedrooms 2 Unit1 Unit Rent 850 Unit2 Unit Rent 550 Unit3 Unit Rent 750 Unit4 Unit Rent 550 Unit5 Unit Rent 850 Unit6 Unit Rent 750 Units Rented 4 Water Meters 2 Water Utility City Year Taxes Payable 2019

    Listing courtesy of Scott Brown of Keller Williams Lafayette.
    © 2019 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Carole King Team.


    © 2019 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Carole King Team. Data last updated: 2019-11-12T21:28:03.263.

     
    The Carole King Team
    3928 McCarty Lane
    Lafayette IN, 47905