1308 South Street
Property Description
There is something reassuring about owning real estate, particularly during times when many people are questioning where the economy and financial markets may be headed. This stately 1890 Victorian offers an opportunity to own a tangible, income producing property in a convenient Midtown Lafayette location. With nearly 4,000 square feet, the property has been divided into three spacious apartments with dedicated off street parking on a small lot adjacent. The main level unit offers two bedrooms, two full baths, a kitchen and dining area. Upstairs is a large three bedroom, one bath apartment with an impressive living room, while the third unit provides one bedroom, one bath, a kitchen and living room. Wood flooring, a fireplace and touches of the home's original Victorian architecture remain, giving the property a personality that newer investment properties often lack. With six bedrooms and four full baths in total, the triplex provides established rental income along with options for the future. The Midtown location is another important part of the investment. Downtown Lafayette, Purdue University, restaurants, shopping, entertainment and everyday conveniences are all within easy reach. Whether purchased as a traditional investment or with plans to occupy one unit while renting the others, this is an opportunity to put your investment dollars into a substantial piece of Lafayette real estate that has already been standing for more than 135 years.
Broker Details
Indiana Integrity Realtors, LLC (765) 420-7595
MLS ID: 7129 State License Number: RB14048344
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $365,000 |
| No. of Units: | 3 |
| Year Built: | 1890 |
| Lot Size: | 3,986.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $121,667 |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 4 |
ID: 3yd-LRAORIN-202639294
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout