Address
514 Salem Avenue Lafayette, IN
Price
$ 1,300,000
Property Attributes
  • MLS#202138585
  • TypeMulti-Family
  • CountyTIPPECANOE
  • CityLafayette
  • AreaFairfield
  • Zip47904
  • Style
  • Year Built1965
  • Taxes$ 6072
  • Price$ 1,300,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms1
  • Sqr Footage1800
Listing Provided Courtesy Of:
Susie Eros with Coldwell Banker Shook
Data Source:
Indiana Regional MLS (IRMLS)
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.

Elementary School Middle School High School
Thomas Miller Elementary School Sunnyside/Tecumseh Middle School Jefferson High School
Price History
9/14/2021 Listed $1,300,000

General Features

# of Buildings 4
Age 56
Agent First Name Susie
Agent Last Name Eros
Assoc. Dues Frequency Not Applicable
Basement Partial Basement, Slab
Bathrooms 1
Beds 8
Cooling None
Elementary School Thomas Miller
Features Basement, Ceiling Fan, Off Street Parking, Storage, Cable Ready, Countertops-Laminate, Water Heater Gas
Half Baths 1
Heating Gas, Forced Air
High School Jefferson
Legal Description Cabot & Huntington 40 FT W Side Lot 112 EX 0.001 A, Cabot & Huntington Addn 92 FT E End Lot 112, Cabot & Huntington Addn 41 FT S Side Lot 111, Cabot & Huntington 19 FT N Side Lot 111
Listing Area Tippecanoe County
Middle School Sunnyside/Tecumseh
New Construction No
Parking Lot, Off Street, Paved
Pet Restrictions Y/n No
Pool Y/N No
REO No
School District Lafayette
Sewer City
Status Active
Status Active
Stories 1
Style Other
Subdivision None
Tax Year 2021
Tenant Pays Cable, Deposit Value
Total Sq Ft 1800
Type Other
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202138585
Year Built 1965

Interior Features

Above Grade Bedrooms 8
Basement Material Block, Brick
Basement Y/n No
Dryer(s) 32
Flooring Carpet, Vinyl Tile
Num. Of 1 Bedrooms 2
Num. Of 2 Bedrooms 3
Total Number of Units 5
Unit 1 Sqft 1334
Unit 1-# Of Bathrooms 1
Unit 1-# Of Bedrooms 2
Unit 2 Sqft 1056
Unit 2-# Of Bathrooms 1
Unit 2-# Of Bedrooms 2
Unit 3 Sqft 576
Unit 3-# Of Bathrooms 1
Unit 3-# Of Bedrooms 1
Unit 4 Sqft 876
Unit 4-# Of Bathrooms 1
Unit 4-# Of Bedrooms 2
Unit 5 Sqft 608
Unit 5-# Of Bathrooms 1
Unit 5-# Of Bedrooms 1
W/D Hookups 32
Washers 30

Exterior Features

Approx. Lot Size Acres 0.53
Electric Meters 1
Exterior Aluminum, Asphalt, Brick, Vinyl
Fence None
Gas Meters 1
Lot Description Corner, 0-2.9999
Lot Dimensions IRR
Lot Size Area 23087
Number of Parking Spaces 17
Outbuilding None
Roof Material Asphalt
Water Meters 1
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool


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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on June 27, 2022 2:51 PM UTC

Property vs Multi-Family Average in 47904

Price
AVG $550K
$1.3M
Taxes
AVG $3,570
$6,072
Visits
AVG 31
74
Year Built
AVG 1926
1965
Walkscore
AVG 67
68
Data Provided by Walkscore ® not using MLS data

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