525 S 3rd Street
Lafayette, IN 47905
Great investment opportunity in a growing section of Downtown Lafayette! This 4-unit multifamily property features two 2-bedroom units and two 1-bedroom units, with three units currently vacant and available for new tenants. With projected gross rents of approximately $3,595 per month ($43,140 annually), investors have an opportunity to establish new leases at market rates and maximize the property's income potential. Recent updates to the roof, gutters, and interiors of 3/4 units, there is a solid foundation for long-term ownership, while the mix of tenant- and landlord-paid utilities offers additional opportunities to improve operating performance. Conveniently located near downtown shopping, dining, and entertainment, this property offers an attractive opportunity for investors looking to expand their multifamily portfolio.
Property Features
Feature Descriptions
Room Sizes
Local Schools
Listed By / Shown By
Listed By
Agency Name: Keller Williams Lafayette
Agency Contact: Agt: 765-413-6046
Agent Name: Steven Childers
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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525 S 3rd Street | MLS# 202645678
This single family home located at 525 S 3rd Street, Lafayette, IN 47905 is currently listed for sale with an asking price of $359,000. This property was built in 1921 and has 6 bedrooms and 6 full and 2 partial baths with 2280 sq. ft. S 3rd Street is located within the Lafayette school district. Search Lafayette real estate on www.coldwellbanker1stchoice.com today.