131 Park Avenue

Lafayette, IN 47904

$249,900
Price
4
Beds
4
Baths
2,408 Sq. Ft.
$104 / Sq. Ft.
2,408
Sq. Ft.
$104
per Sq. Ft.

Description

- Great Investment Opportunity! This fully occupied 4-unit rental is in a great location, directly across the street from Columbian Park. Each unit is 1 bedroom/1 bathroom with a 1 car detached garage space for storage and access to the basement washer/dryer if they desire. One tenant has been there 24 years, and the most recent tenant signed a lease last August. Property will only be available for showings on Saturdays from 2-4pm and must be confirmed by listing agent. Inspections welcome, but property...- Great Investment Opportunity! This fully occupied 4-unit rental is in a great location, directly across the street from Columbian Park. Each unit is 1 bedroom/1 bathroom with a 1 car detached garage space for storage and access to the basement washer/dryer if they desire. One tenant has been there 24 years, and the most recent tenant signed a lease last August. Property will only be available for showings on Saturdays from 2-4pm and must be confirmed by listing agent. Inspections welcome, but property being sold "as-is".
  1. Listed by Kimberly Beazer • F C Tucker/Lafayette Inc

Property Details for 131 Park Avenue

Style
Two Story
Architectural Style
Other
Subdivision
Belt RY
Waterfront
No
Pet Restrictions
No

Location

Listing Courtesy of F C Tucker/Lafayette Inc
Add your commute
LISTING UPDATED: 04/29/2024 01:12 PM

Property Details for 131 Park Avenue

StatusCont - Accptng Backup Offers
MLS #202402350
Days on Market30
Taxes$3,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fourplex
Year Built1915
Lot Size0.18 AC / 7,841 SF
CountyTippecanoe County

Location

Listing Courtesy of F C Tucker/Lafayette Inc
Add your commute

Building Information for 131 Park Avenue

Stories2Residences4Year Built1915Building Size-Lot Size0.18 AC / 7,841 SF

Payment Calculator

$1,647 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,364

Property Taxes

$283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 131 Park Avenue

Summary
Location and General Information
  • Area: Tippecanoe County
  • City: Lafayette
  • Zip Code: 47904
  • State: IN
  • Township: Fairfield
  • Geo Latitude: 40
  • Geo Longitude: -87
  • Fips Code: 18157
  • Directions To Property: SOUTH STREET TO PARK AVENUE, HOME ON LEFT
  • Location: City/Town/Suburb
Taxes and HOA
  • Association Dues $: $.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 79-07-28-231-007.000-004
School Information
  • School District: Lafayette
  • Elementary: Murdock
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
Parking
  • Number Of Parking Spaces: 5
  • Parking: Garage, Street
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.18
  • Lot Dimensions: 50X160
  • Below Grade Unfin Sqft: 1088.0
  • Total Square Feet: 3496.0
  • Upper Level Sqft: 1128.0
  • Approx Lot Size Sqft: 7841.0
  • Above Grade Finished Sqft: 2408.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1088.0
  • Total Finished Sqft: 2408.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
  • Main Level Sqft: 1280.0
  • Outbuilding Length: 8.0
  • Outbuilding Sqft: 80
  • Outbuilding Width: 10.0
Property and Assessments
  • New Construction: No
  • Year Built: 1915
  • Age: 109
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Green Features
  • Exemptions: No Exemptions
Utilities
  • Electric Company: Duke Energy Indiana
  • Gas Company: CenterPoint Energy
  • Sewer: City
  • Water Company: Other
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Cable Ready, Water Heater Gas
  • Exterior: Vinyl
  • Fence: None
  • Outbuilding: Shed
  • Platted: Yes
  • Pool: No
  • Roof Material: Asphalt
Interior Features
  • Number of Electric Meters: 1
  • Number of Gas Meters: 1
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 1
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 1
  • Number of Washers: 1
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Outside Entrance Only, Partial Basement, Unfinished
  • Cooling: Window
  • Flooring: Mixed
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 4
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 4
  • Number of Buildings: 1
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $2,784.00
  • Annual Fuel Expense: $1,392.00
  • Annual Gross Rent $: $30,480
  • Annual Insurance Expense: $1,217
  • Annual Maint. Expense: $1,800
  • Annual Misc: $0
  • Annual Net Income: $18,790
  • Annual Property Tax: $3,400
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $1,097
  • Gross Monthly Income: $2,540
  • Gross Monthly Rent: $2,540
Unit Information
Unit 1
  • Unit 1 SqFt: 640
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $600.00
  • Unit 1-Electric: Owner
  • Unit 1-Garage Type: Detached
  • Unit 1-Garage: Yes
  • Unit 1-Garage/Num of Cars: 1
  • Unit 1-Gas: Owner
  • Unit 1-Laundry Room: None
  • Unit 1-Lease Exp Date: 04-30-2024
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: 1
  • Unit 1-Unit Rent $: $615
Unit 2
  • Unit 2 SqFt: 640
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 1
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $400.00
  • Unit 2-Electric: Owner
  • Unit 2-Garage Type: Detached
  • Unit 2-Garage: Yes
  • Unit 2-Garage/Num of Cars: 1
  • Unit 2-Gas: Owner
  • Unit 2-Laundry Room: None
  • Unit 2-Lease Exp Date: 11-30-2024
  • Unit 2-Level: Main
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: 2
  • Unit 2-Unit Rent $: $600
Unit 3
  • Unit 3 SqFt: 564
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 4
  • Unit 3-Basement: No
  • Unit 3-Currently Rented: Yes
  • Unit 3-Deposit Amount: $575.00
  • Unit 3-Electric: Owner
  • Unit 3-Garage Type: Detached
  • Unit 3-Garage: Yes
  • Unit 3-Garage/Number of Cars: 1
  • Unit 3-Gas: Owner
  • Unit 3-Laundry Room: None
  • Unit 3-Lease Exp. Date: 08-15-2024
  • Unit 3-Level: Upper
  • Unit 3-Rent Frequency: Monthly
  • Unit 3-Unit Number: 3
  • Unit 3-Unit Rent $: $700
Unit 4
  • Unit 4 SqFt: 564
  • Unit 4-Num of Bedrooms: 1
  • Unit 4-Num of Rooms: 4
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $700.00
  • Unit 4-Electric: Owner
  • Unit 4-Garage Type: Detached
  • Unit 4-Garage: Yes
  • Unit 4-Garage/Num of Cars: 1
  • Unit 4-Gas: Owner
  • Unit 4-Laundry Room: None
  • Unit 4-Lease Exp Date: 09-30-2024
  • Unit 4-Level: Upper
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: 4
  • Unit 4-Unit Rent $: $625
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Electric, Fuel, Maintenance, Sewer, Water
  • Tenant Pays: None, Other

Property History for 131 Park Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 131 Park Avenue

Taxable ValueLand$22,500Additions$142,200Total$164,700
Tax Record2023$3,336 ($278 / month)
Home Facts
Baths4Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtStories2Lot Size8,002 SqFtStyleMulti-Family Dwelling (2-4)Year Built1915CountyTIPPECANOEAPN79-07-28-231-007.000-004

Schools near 131 Park Avenue

This home is within Lafayette School Corporation.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Murdock Elementary School
PublicK to 4

Lafayette Sunnyside Middle School
Public5 to 6

Lafayette Tecumseh Jr High School
Public7 to 8

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of F C Tucker/Lafayette Inc

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.