Multifamily Property for Sale in West Lafayette, IN

  • Price: $850K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: West Lafayette, IN 47906
  • Size: 6,368 SF
  • Year built: 2000

Description

Prime investment opportunity just minutes from Purdue University in West Lafayette. This fully rented 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. New roof 2021, and new windows starting in 2019. 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 only two buildings in the 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. Sale is contingent upon a seller 1031 exchange Please contact the listing agent for the property financial information. Building SF: 6368 | Land Size: 0.28 Ac | Year Built: 2000 | Listing Type: FOR SALE

Market Context

This multifamily in West Lafayette, IN is listed for sale at $850,000 across 6,368 SF. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 2000. It has been on the market for 38 days. Compare it against other multifamily listings for sale in West Lafayette, IN — <a href="/search/sale/multifamily/indiana/west-lafayette">view the full market</a>.

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