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401 N Salisbury St 10 Unité Immeuble d’appartements 1 236 348 $ CAD (123 635 $ CAD/Unité) West Lafayette, IN 47906
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Faits saillants de l'investissement
- Prime location near Purdue University
- 10 bedrooms / 7 bathrooms /3 full kitchens
- Fully leased with upside—under market rent
- Approved occupancy for 13 unrelated individuals
- Central air conditioning, on-site washer and dryer
- Excellent candidate for value-add improvements and increased cash flow
Résumé de l'annonce
Rare opportunity just blocks from Purdue University to acquire a high-occupancy student rental with an approved allowance of 13 unrelated occupants. 401 North Salisbury Street offers a scale and location that are extremely hard to find in today’s market—perfect for both seasoned and first-time student housing investors.
This 10-bedroom property is currently configured with 3 full kitchens, 7 bathrooms, central air conditioning, and 1 washer and dryer, providing ample space and functionality for large groups. The property is fully leased and operating below market rents, creating a clear value-add investment opportunity through strategic rent increases, cosmetic upgrades, or amenity enhancements.
Located in the heart of Purdue’s campus community, 401 North Salisbury Street sits just three blocks from Purdue University, at the corner of Salisbury and Fowler. This means most students can walk to core academic buildings, lecture halls, libraries, and labs in just a few minutes, making it an ideal home base for busy class schedules and group projects.
The property is surrounded by a classic near-campus neighborhood—a mix of student houses, small apartment buildings, and campus ministries—giving it a true college-town feel. Residents are within easy reach of Chauncey Village, dining, coffee shops, and everyday conveniences, as well as nearby bus stops that connect to the rest of West Lafayette. It’s a location that consistently appeals to Purdue students: close enough to walk to class yet set within an established residential area that feels more like a neighborhood than a high-rise district.
*Note the tenants need 24hrs notice before showings
This 10-bedroom property is currently configured with 3 full kitchens, 7 bathrooms, central air conditioning, and 1 washer and dryer, providing ample space and functionality for large groups. The property is fully leased and operating below market rents, creating a clear value-add investment opportunity through strategic rent increases, cosmetic upgrades, or amenity enhancements.
Located in the heart of Purdue’s campus community, 401 North Salisbury Street sits just three blocks from Purdue University, at the corner of Salisbury and Fowler. This means most students can walk to core academic buildings, lecture halls, libraries, and labs in just a few minutes, making it an ideal home base for busy class schedules and group projects.
The property is surrounded by a classic near-campus neighborhood—a mix of student houses, small apartment buildings, and campus ministries—giving it a true college-town feel. Residents are within easy reach of Chauncey Village, dining, coffee shops, and everyday conveniences, as well as nearby bus stops that connect to the rest of West Lafayette. It’s a location that consistently appeals to Purdue students: close enough to walk to class yet set within an established residential area that feels more like a neighborhood than a high-rise district.
*Note the tenants need 24hrs notice before showings
Faits sur la propriété
| Prix | 1 236 348 $ CAD | Classe d’immeuble | C |
| Prix par unité | 123 635 $ CAD | Taille du lot | 0,16 AC |
| Type de vente | Investissement | Taille du bâtiment | 5 349 pi² |
| Nombre d’unités | 10 | Nombre d’étages | 3 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1900/2005 |
| Sous-type de propriété | Appartement | Ratio de stationnement | 1,12/1 000 pi² |
| Style d’appartement | De faible hauteur | ||
| Zonage | Central & Wall | ||
| Prix | 1 236 348 $ CAD |
| Prix par unité | 123 635 $ CAD |
| Type de vente | Investissement |
| Nombre d’unités | 10 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du lot | 0,16 AC |
| Taille du bâtiment | 5 349 pi² |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1900/2005 |
| Ratio de stationnement | 1,12/1 000 pi² |
| Zonage | Central & Wall |
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Moyennement praticable à pied
60/100
Moyennement facile d’accès en voiture
70/100
Transports en commun relativement accessibles
50/100
Moyennement praticable en vélo
70/100
Impôts fonciers
| Numéro de lot | 79-07-19-232-007.000-026 | Évaluation des bâtiments | 278 316 $ CAD |
| Évaluation du terrain | 83 797 $ CAD | Évaluation totale | 362 113 $ CAD |
Impôts fonciers
Numéro de lot
79-07-19-232-007.000-026
Évaluation du terrain
83 797 $ CAD
Évaluation des bâtiments
278 316 $ CAD
Évaluation totale
362 113 $ CAD
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401 N Salisbury St
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