Apartment Buildings /IN /Tippecanoe County /Lafayette /374 Elston Rd
Apartment Buildings /IN /Tippecanoe County /Lafayette /374 Elston Rd

374 Elston Rd - Apartments FOR SALE


Lafayette, IN 47909 | 
317-650-0013
374 Elston Rd, Lafayette, IN for Sale
Apartments - FOR SALE
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374 Elston Rd
Lafayette, IN 47909

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HIGHLIGHTS

  • 6.8% in-place cap rate
  • Upgrade 32 partially renovated units - $112 avg. rent premium
  • Ability to grow to a 7.3% cap rate upon completion of upgrades
  • Mid-90% occupancy has been maintained with minimal bad debt
  • Well maintained and thoughtfully updated by current ownership

FOR SALE DETAILS

PRICE

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# OF UNITS

44

CAP RATE

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% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elston Point

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1996

PARKING SPACES

67

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

R-3

APN/PARCEL ID

79-07-31-400-001.000-005,79-07-31-403-002.000-005

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Cameron BenzCBREMore Info
317-650-0013

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Cameron BenzCBREMore Info
317-650-0013

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