421-439 S Chauncey Ave - Apartments FOR SALE


West Lafayette, IN 47906- Downtown West Lafayette
$4,395,000 USD
317-522-8608
421-439 S Chauncey Ave, West Lafayette, IN for Sale
$4,395,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

421-439 S Chauncey Ave
West Lafayette, IN 47906
Downtown West Lafayette


HIGHLIGHTS

  • Walking distance to campus
  • Student Housing

OVERVIEW

The Marquis Group of KW Commercial Lafayette is pleased to present this multifamily investment opportunity located near Purdue University's West Lafayette campus. 421-439 S Chauncey Avenue 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 (9) 4BR/2.5BA and (1) 2BR/1.5BA apartments for a total of 38 bedrooms. Benchmark III Apartments are located on the southeast side of Purdue's West Lafayette campus, near the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. 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 This building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

10

PRICE/UNIT

$439,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Benchmark lll Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1991

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

R3W

APN/PARCEL ID

79-07-19-480-009.000-026

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.