Sweet Home Realty is proud to present Waterford Place, located at 400 S Grant Street, a rare true on-campus student housing investment situated within Purdue University. Purpose-built, the property is optimized for student housing and has an ideal layout for a by-the-bedroom leasing strategy. Waterford Place is a three-story multifamily apartment complex with 22 units, 21 configured as two bedrooms and one bath, and one studio, totaling 43 bedrooms. Additional value-add potential exists through currently underutilized space, offering the ability to develop up to two additional units. Situated within the south-central portion of Purdue University’s West Lafayette campus along S Grant Street, the property is within walking distance of many academic buildings, dining halls, libraries, the Mitchell E. Daniels Jr. School of Business (Rawls Hall), and the Purdue Memorial Union. Extremely high demand for these units is driven by certainty, proximity, and the limited supply of Purdue student housing. There is consistent leasing velocity at Waterford Place, resulting in little to no vacancy and supported by ongoing enrollment, making this a durable, recession-resistant, and stabilized student housing asset with a more predictable cash flow. Delivering a rare combination of genuine on-campus living, consistent leasing velocity, and growing enrollment, Waterford Place offers a durable, recession-resistant asset with predictable cash flow and supports long-term income stability.