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514 Salem Avenue

Lafayette, IN 47904
  • $1,300,000
  • STATUS: Active
  • ON SITE: 78 Days
  • MLS #: 202138585
UPDATED: 64 min ago
$1,300,000
  • 8
    BEDS
  • 0.53
    ACRES
  • 0
    BATHS
  • 1
    1/2 BATHS
  • 1,800
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Investment opportunity with unlimited potential. Listing consists of 5 parcels which includes a laundromat and parking lot, one single family home and two duplexes. The 5 parcels are all adjoining. Some units have tenants but no leases in place. Seller will not divide this listing. Income from laundromat is included in rent number.

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© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty. Data last updated: 2021-12-02T00:27:38.953.

www.romanskigroup.com/homes/121415911
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514 Salem Avenue Lafayette, IN 47904

  • Price: $1,300,000
  • Status: Active
  • On Site: 78 Days
  • Updated: 64 min ago
  • MLS #: 202138585
8
Beds
0
Baths
1
½ Baths
0.53
Acres
1,800
SQFT
$722
$/SQFT
1965
Built
Neighborhood:
None
County:
Tippecanoe
Area:
Tippecanoe
Elementary School:
Thomas Miller
Middle School:
Sunnyside/Tecumseh
High School:
Jefferson
School District:
Lafayette
Property Description
Investment opportunity with unlimited potential. Listing consists of 5 parcels which includes a laundromat and parking lot, one single family home and two duplexes. The 5 parcels are all adjoining. Some units have tenants but no leases in place. Seller will not divide this listing. Income from laundromat is included in rent number.
Exterior Features

Exterior AluminumAsphaltBrickVinyl Fence None Location City/Town/Suburb Lot Description 0-2.9999Corner Lot Dimensions Irr Outbuilding None Parking LotOff StreetPaved Parking Spaces 17 Pool YN No Roof Material Asphalt Style Other Waterfront YN No

Interior Features

Above Grade Bedrooms 8 Above Grade Finished Sqft 1800 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanOff Street ParkingStorageCable ReadyCountertops-LaminateWater Heater Gas Basement Foundation Partial BasementSlab Basement Material BlockBrick Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling None Dishwashers 0 Disposals 0 Dryers 32 Flooring CarpetVinyl Tile Heating Fuel Forced AirGas Microwaves 0 Ranges Ovens 0 Refrigerators 0 Rooms Below Grade 0 Total Baths 1 Total Below Grade Sqft 0 Total Sq Ft 1800 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit1 Sq Ft 1334 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit2 Sq Ft 1056 Unit3 Basement YN Yes Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit3 Sq Ft 576 Unit4 Basement YN No Unit4 Bathrooms 1 Unit4 Bedrooms 2 Unit4 Sq Ft 876 Unit5 Basement YN Yes Unit5 Bathrooms 1 Unit5 Bedrooms 1 Unit5 Sq Ft 608 Wash Dry Hookups 32 Washers 30

Property Features

Annual Electric Expense 7685 Annual Fuel Expense 6840 Annual Gross Rent 140152 Annual Insurance Expense 2513 Annual Maint Expense 8392 Annual Misc 575 Annual Net Income 98501 Annual Property Tax 6072 Annual Trash Expense 0 Annual Water Sewer Exp 9574 Assoc Dues Frequency Not Applicable Buildings 4 Documents Available Income/Expenses Efficiencies 0 Electric Company Duke Energy Indiana Electric Meters 1 Exemptions No Exemptions Existing Financing None For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Centerpoint Energy Gas Meters 1 Gross Monthly Income 11679 Gross Monthly Rent 11679 Lease Term None New Construction No One Bedrooms 2 Owner Pays ElectricFuelHeatingLawn MaintenanceMaintenanceSewerTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Proposed Financing CashConventional Reo YN No Sale Includes BuildingBusinessLand Sewer City Tenant Pays CableDeposit Value Three Bedrooms 0 Township Fairfield Two Bedrooms 3 Unit1 Unit Rent 900 Unit2 Unit Rent 0 Unit4 Unit Rent 680 Unit5 Unit Rent 680 Units Rented 3 Water Meters 1 Water Utility City Year Taxes Payable 2021

Listing courtesy of Susie Eros of Coldwell Banker Shook.
© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty.


© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Romanski Group - Keller Williams Realty. Data last updated: 2021-12-02T00:27:38.953.

 
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The Romanski Group - Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,