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Benchmark II 440-450 S Grant St 36 Unit Apartment Building $19,202,594 CAD ($533,405 CAD/Unit) West Lafayette, IN 47906
Investment Highlights
- Walking distance to campus
- Master Lease
- Student Housing
Executive Summary
The Marquis Group with KW Commercial Lafayette is pleased to present this prime student housing opportunity master leased to Purdue University. Benchmark II Apartments are located on the southeast side of Purdue's West Lafayette campus, about one block away from the College of Veterinary Medicine and approximately four blocks from the Purdue Memorial Union as well as Krannert School of Management and Rawls Hall. Chauncey Hill Mall is also a short walk (restaurants, Target and other shopping locations).
Key Features:
Prime Location: Situated near Purdue University, making it ideal for students.
Walkable: Very walkable, allowing easy access to campus and surrounding amenities.
Close to Amenities - Near campus, dining options, and sporting events.
Off-Street Parking
On-site laundry facilities
This building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases.
Benchmark II offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio.
440 S Grant St, West Lafayette, IN 47906
447 S Chauncey Avenue, West Lafayette, IN 47906
Benchmark III offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living
421-439 S Chauncey Avenue, West Lafayette, IN 47906
Key Features:
Prime Location: Situated near Purdue University, making it ideal for students.
Walkable: Very walkable, allowing easy access to campus and surrounding amenities.
Close to Amenities - Near campus, dining options, and sporting events.
Off-Street Parking
On-site laundry facilities
This building is master leased to Purdue University for the current year and the next 2 school years with 5% annual increases.
Benchmark II offers 144 Beds: (34) 4BR/1.5BA; (2) 4BR/2BA)with either a balcony or patio.
440 S Grant St, West Lafayette, IN 47906
447 S Chauncey Avenue, West Lafayette, IN 47906
Benchmark III offers 38 Beds: (9) 4BR/2.5BA and (1) 2BR/1.5BA townhome style living
421-439 S Chauncey Avenue, West Lafayette, IN 47906
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $19,202,594 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $533,405 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.10 AC |
| Sale Condition | Bulk/Portfolio Sale | Building Size | 36,354 SF |
| No. Units | 36 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1983 |
| Zoning | R3W - Multifamily West Lafayette | ||
| Price | $19,202,594 CAD |
| Price Per Unit | $533,405 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 36,354 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1983 |
| Zoning | R3W - Multifamily West Lafayette |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Ceiling Fans
- Carpet
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Furnished Units Available
- Individual Leases Available
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1.5 | 34 | - | 1,538 |
| 4+2 | 2 | - | 1,538 |
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
Property Taxes
Parcel Numbers
Land Assessment
$7,905,963 CAD (2024)
Improvements Assessment
$2,153,306 CAD (2024)
Total Assessment
$10,059,269 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2026
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Benchmark II | 440-450 S Grant St
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