615 Ferry St | Lafayette, IN 47901
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- LoopNet Team
615 Ferry St
Lafayette, IN 47901
The Press · Multifamily Property For Sale
·
54 Units
INVESTMENT HIGHLIGHTS
- Convenient Downtown Lafayette location near Purdue, trolley to campus, downtown restaurants/coffee/tea/shopping
- Open plan with high ceilings, original terazo and other original building finishes and features
- Property was previously home to Lafayette Journal & Courier newspaper. Multifamily Units have been over 90% leased since 2018 renovation
PROPERTY FACTS
| No. Units | 54 | Building Size | 30,230 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1960/2018 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 0.79 AC | ||
| Zoning | Central Business (CB) - To provide core business areas in the central parts of the City of Lafayette for retailing, services, government and professional offices, housing. | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 30,230 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built/Renovated | 1960/2018 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | Central Business (CB) - To provide core business areas in the central parts of the City of Lafayette for retailing, services, government and professional offices, housing. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Basement
- Office
- Smoke Free
SITE AMENITIES
- Business Center
- Fitness Center
- Laundry Facilities
- Trash Pickup - Door to Door
- Vintage Building
- Community-Wide WiFi
- Conference Rooms
- Elevator
- Health Club Discount
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | 400 - 540 |
| 1+1 | 43 | - | 500 - 1,150 |
| 1+2 | 2 | - | 500 - 1,150 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,219,100 | |
| Land Assessment | $1,320,800 | Total Assessment | $4,539,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,320,800
Improvements Assessment
$3,219,100
Total Assessment
$4,539,900
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