Highly Desired Location - 100% occupancy (waiting list) - 2 Blocks from Purdue Campus Building #1 >> 414 Vine St. 2 story, 4 Unit - 12 Bed (4) 3+1 washer/dryer in each unit Building #2 >> 422 Vine St. 4 story, 12 Unit - 34 Bed >> (11) 3+1 (1) 1+1 coin operated laundry >> DBA: Leslie Manor 34 parking spots (8 covered) Link to financials and details. https://drive.google.com/drive/folders/1bQRbzWSrStJYIy8kgA4L-nlYGOE4tMLS?usp=drive_link Option 2 (really Plan "A" as it is much more desirable) Partnership / 50% Ownership in new student apartment complex built on this site (approval process already begun). Planned Development - Looking for 50% investment partner - 2.5M "buy-in" due upon contract execution 94 unit, 4 story apartment complex to be built on this site - 2 blocks from Purdue Campus! Current Buildings at 422 Vine and 414 Vine to be demolished - construction start date - TBD Property currently mortgaged at 3.5% with 2.2M payoff. All development expenses shared from contract commencement to Certificate of Occupancy. Extremely Low Risk - "Partner Bail Out" clause can be included in contract - "Buy-In" fee is returned after 36 months if "bail-out" clause is exercised.
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