1105-1117 Anthrop Dr - Apartments FOR SALE
West Lafayette, IN 47906 |
$4,320,000 USD
317-218-5330
1105-1117 Anthrop Dr
West Lafayette, IN 47906
HIGHLIGHTS
- Purdue University Strong Enrollment Growth - 26% Enrollment Growth from 2020-2025
- 20 Unit, 76 Bed, Student Housing Community Constructed 2007
- Value-Add Opportunity Through Furnished Premiums to Achieve $400/unit Furnished Premium
- Attractive Cost Basis Below Replacement Cost
- Projected 17% Five-year IRR
FOR SALE DETAILS
PRICE
$4,320,000 USD
PRICE/SF
$129 USD /SF
# OF UNITS
20
PRICE/UNIT
$216,000
CAP RATE
6.35%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Anthrop Pointe
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2007
PARKING SPACES
66
LAND DETAILS
LAND ACRES
1.39 AC
LAND SF
60,548 SF
ZONING
R3W
APN/PARCEL ID
79-07-07-302-019.000-026
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317-218-5330
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317-218-5330
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