261 W Wood St - Apartments FOR SALE


West Lafayette, IN 47906- Downtown West Lafayette
$4,275,000 USD
317-522-8608
261 W Wood St, West Lafayette, IN for Sale
$4,275,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

261 W Wood St
West Lafayette, IN 47906
Downtown West Lafayette


HIGHLIGHTS

  • Walking distance to campus
  • Redevelopment Potential
  • Near ongoing redevelopment

OVERVIEW

The Marquis Group of KW Commercial Lafayette is pleased to present this multifamily investment opportunity located near Purdue University's West Lafayette campus. 261 W Wood Street offers a prime location for Purdue University students, featuring well-maintained apartments with a variety of floor plans and convenient amenities. This property features a mix of (14) 2BR/2BA and (1) 1BR/1BA apartments for a total of 29 bedrooms. The Parker Apartments are located on the southeast side of Purdue's West Lafayette campus, near the College of Veterinary Medicine and less than 2 blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Historic Chauncey Hill is also a short walk (restaurants, Target and other shopping locations). Key Features: Prime Location: Situated near Purdue University, making it ideal for students. Walkable: Very walkable, allowing easy access to campus and surrounding amenities. Close to Amenities - Near campus, dining options, and sporting events. Off-Street Parking On-site laundry facilities

FOR SALE DETAILS

PRICE

$4,275,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

15

PRICE/UNIT

$285,000

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

R3W

APN/PARCEL ID

79-07-19-430-017.000-026

ASK ABOUT THIS PROPERTY

Nathaniel GustusKW Commercial LafayetteMore Info
317-522-8608

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Nathaniel GustusKW Commercial LafayetteMore Info
317-522-8608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.