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Waterford Place 400 S Grant St 22 Unit Apartment Building $4,200,000 ($190,909/Unit) 6.33% Cap Rate West Lafayette, IN 47906
Investment Highlights
- Student Housing for sale in Purdue University
Executive Summary
Waterford Place
Sweet Home Realty is proud to present 400 S Grant St — a rare, true on-campus student housing investment located directly within Purdue University. 3.5% buyer agent commission.
This is as core as it gets. Location like this cannot be replicated.
ASSET OVERVIEW
Purpose-built / optimized for student housing
Ideal layout for by-the-bedroom leasing strategy
Strong bedroom count to maximize rental income
Designed to capture premium on-campus rents
Built for cash flow, not compromise
LOCATION = UNMATCHED
Inside Purdue campus boundaries — not “near,” actually on campus
Walk to:
Academic buildings
Dining halls
Libraries
Student life & athletics
Minutes to:
Purdue Memorial Union
Krannert School of Management
Rawls Hall
INVESTMENT HIGHLIGHTS
Extremely high demand, supply-constrained location
Consistent leasing velocity (often pre-leased far in advance)
Zero vacancy profile typical for on-campus assets
Strong annual rent growth driven by Purdue enrollment trends
Durable, recession-resistant student housing model
More to invest
There is empty space to build 2 extra units.
Sweet Home Realty is proud to present 400 S Grant St — a rare, true on-campus student housing investment located directly within Purdue University. 3.5% buyer agent commission.
This is as core as it gets. Location like this cannot be replicated.
ASSET OVERVIEW
Purpose-built / optimized for student housing
Ideal layout for by-the-bedroom leasing strategy
Strong bedroom count to maximize rental income
Designed to capture premium on-campus rents
Built for cash flow, not compromise
LOCATION = UNMATCHED
Inside Purdue campus boundaries — not “near,” actually on campus
Walk to:
Academic buildings
Dining halls
Libraries
Student life & athletics
Minutes to:
Purdue Memorial Union
Krannert School of Management
Rawls Hall
INVESTMENT HIGHLIGHTS
Extremely high demand, supply-constrained location
Consistent leasing velocity (often pre-leased far in advance)
Zero vacancy profile typical for on-campus assets
Strong annual rent growth driven by Purdue enrollment trends
Durable, recession-resistant student housing model
More to invest
There is empty space to build 2 extra units.
Data Room Click Here to Access
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Controlled Access
- Laundry Facilities
- Wi-Fi
- Roommate Matching
- Walk To Campus
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 340 |
| 2+1 | 21 | - | 650 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 79-07-19-480-007.000-026 | Improvements Assessment | $651,400 |
| Land Assessment | $1,691,700 | Total Assessment | $2,343,100 |
Property Taxes
Parcel Number
79-07-19-480-007.000-026
Land Assessment
$1,691,700
Improvements Assessment
$651,400
Total Assessment
$2,343,100
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Sweet Home Realty
Waterford Place | 400 S Grant St
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