Sold
635 North St
635 North Street, Lafayette, IN 47901
635 North Street, Lafayette, IN 47901
7 Beds 7 Baths 4,014 Sq.Ft. 0.171 Acres
This is an exceptional investment opportunity featuring a thoughtfully maintained seven-plex situated in a highly sought-after downtown locale. This fully occupied multi-unit property comprises seven efficiency units and is ideally located within walking distance of Main Street. Nestled in historic downtown Lafayette, the building provides convenient access to local coffee shops, local restaurants, pubs, boutiques, entertainment venues, and various activities offered in greater downtown Lafayette, all just steps from your door. It is particularly suitable for college students, given its proximity to the pedestrian bridge leading to Purdue University's campus, which can be reached easily by bike or a short car ride. The property currently generates a monthly gross income of $3,605. Half of the units are equipped with separate utilities, while the owner covers utilities for the remaining units. The seller is responsible for water service for the entire building. 635 North presents significant potential for increased rental income in the future. Schedule your private showing today. (Agents please refer to agent remarks for more info).