Closed

$190,000

501 S 16th St, Lafayette, IN 47905

6beds

4,050sqft

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,684 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,684/mo

Zestimate^® history

Owner options

List your home for rent

$1,684/mo

Rent Zestimate^®

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$1,684/mo

Rent Zestimate^®

Refinance and save

$1,200/mo

Est. payment

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$1,200/mo

Est. payment

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What's special

Welcome to this prime location apartment building gem! A 6-unit apartment building, perfectly situated close to downtown Lafayette and Purdue, offering convenience and allure to tenants. Each unit boasts 1 bed, 1 bath each separately metered, ensuring minimal hassle for you as an owner. Currently generating $1550 per month, with three units vacant and ready for your personal touch. While the building needs some work, this presents an excellent chance to renovate and increase its value. Capitalize on the high demand for urban living and the potential to maximize income. Act fast - schedule a viewing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 6
Full bathrooms: 6

Heating

Electric, Baseboard

Cooling

Window Unit(s)

Features

Ceiling Fan(s)
Flooring: Carpet, Wood
Basement: Full,Unfinished,Brick

Interior area

Total structure area: 5,490
Total interior livable area: 4,050 sqft
Finished area above ground: 4,050
Finished area below ground: 0

Property

Parking

Total spaces: 5
Parking features: On Street

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Fencing: None

Lot

Size: 8,842 sqft
Dimensions: 68x130
Features: 0-2.9999, City/Town/Suburb

Details

Additional structures: None
Parcel number: 790728183004.000004

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding
Foundation: Basement

Condition

New construction: No
Year built: 1900

Utilities & green energy

Sewer: City
Water: City

Community & neighborhood

Community

Community features: Laundry Facilities

Location

Region: Lafayette
Subdivision: None

HOA & financial

Other financial information

Total actual rent: 1860

Other

Other facts

Listing terms: Cash,Conventional

Price history

Date	Event	Price
9/28/2023	Sold	$190,000-34.5%
Source: IRMLS #202326123 Report a problem
8/10/2023	Pending sale	$289,900
Source: IRMLS #202326123 Report a problem
7/25/2023	Listed for sale	$289,900
Source: IRMLS #202326123 Report a problem