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3 multifamily properties with adjacent lots
1320 Union St, Lafayette, IN 47904
1320 Union St
N/A
7
3,000 SF
Multifamily
Garden/Low-Rise
Multifamily (land)
Investment
3%
9.93%
5.40
100%
0.30 AC
-
Last Verified 10/17/2011
Listing ID 16483237
Description
Three rental properties (7 units total) all located next to each other on the corner of Union and 14th St, combined this plottage includes the entire corner of the block back to the alley. This corner plottage is a prime location for a multi-unit complex to be built in the next 3 to 5 years -The city perfers older houses be converted into muti-units. Based on the information available this deal generates over $1000 per month in free cash flow. This group of properties has maintained long term tenants resulting in a very low vacancy rate. 1320 Union St could be split up into multiple units to increase the rents. Seller financing possible.
Corner of Union & 14th is a high traffic area with both residential and commerical properties adjacent.
Map of 1320 Union St, Lafayette, IN 47904 (Tippecanoe County)
Created 11/24/2009
Additional Information for 1320 Union Street, Lafayette, IN 47904
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The information above has
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it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO