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1105-1117 Anthrop Dr
West Lafayette, IN 47906
Anthrop Pointe · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Purdue University Strong Enrollment Growth - 26% Enrollment Growth from 2020-2025
- Value-Add Opportunity Through Furnished Premiums to Achieve $400/unit Furnished Premium
- Projected 17% Five-year IRR
- 20 Unit, 76 Bed, Student Housing Community Constructed 2007
- Attractive Cost Basis Below Replacement Cost
Property Facts
| No. Units | 20 | Building Size | 33,380 SF |
| Property Type | Multifamily | Average Occupancy | 84% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 2007 |
| Building Class | B | Parking Ratio | 1.98/1,000 SF |
| Lot Size | 1.39 AC | ||
| Zoning | R3W - Residential | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.39 AC |
| Building Size | 33,380 SF |
| Average Occupancy | 84% |
| No. Stories | 2 |
| Year Built | 2007 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | R3W - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Recycling
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $1,722 | 1,000 |
| 4+2 | 16 | $1,924 | 1,567 |
Property Taxes
| Parcel Number | 79-07-07-302-019.000-026 | Improvements Assessment | $1,964,800 |
| Land Assessment | $434,400 | Total Assessment | $2,399,200 |
Property Taxes
Parcel Number
79-07-07-302-019.000-026
Land Assessment
$434,400
Improvements Assessment
$1,964,800
Total Assessment
$2,399,200
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