515-527 N Grant St - Apartments FOR SALE


West Lafayette, IN 47906
$9,995,000 USD
317-522-8608
515-527 N Grant St, West Lafayette, IN for Sale
$9,995,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

515-527 N Grant St
West Lafayette, IN 47906


HIGHLIGHTS

  • Value Add Opportunity
  • Steps from Campus
  • Desirable location

OVERVIEW

The Marquis Group with KW Commercial Lafayette is pleased to present this prime student housing opportunity master leased to Purdue University.? Cedarwood Apartments are located on the northeast side of Purdue's West Lafayette campus, about one block away from the Engineering Mall and approximately 3 blocks from the Purdue Memorial Union as well as Mitch Daniels School of Business and Rawls Hall.? Chauncey Hill Mall is also a short walk (restaurants, Target and other shopping locations).? Cedarwood Apartments offers 96 Beds: (18) 4BR/1.5BA; (4) 3BR/3BA; and (4) 3BR/1.5BA This is a value add opportunity with the possibility of converting the 4BR/1.5BA units to highly desirable 3BR/3BA units. By eliminating a 4th bedroom it would allow for an easy conversion to have a better ratio of bedrooms to bathrooms. This location is one of the closest multifamily opportunities to the heart of campus! 515-527 N Grant St, West Lafayette, IN 47906 Can also be assembled with: Benchmark II: $12,995,000 (Master Leased to Purdue through the 2027-28 School Year) This property offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio.? 440 S Grant St, West Lafayette, IN 47906 447 S Chauncey Avenue, West Lafayette, IN 47906 and Benchmark III: $3,995,000 (Master Leased to Purdue through the 2027-28 School Year) This property offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living 421-439 S Chauncey Avenue, West Lafayette, IN 47906

FOR SALE DETAILS

PRICE

$9,995,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

26

PRICE/UNIT

$384,423

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedarwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,861 SF

ZONING

R3W

APN/PARCEL ID

79-07-19-204-011.000-026

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.