Skip To Content

802 Columbia Street

Lafayette, IN 47901
  • $395,000
  • STATUS: Active
  • ON SITE: 88 Days
  • MLS #: 202322734
UPDATED: 69 min ago
$395,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 1
    BATHS
  • 1
    1/2 BATHS
  • 3,118
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1915
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Stephen Halsema of Smartdigs, Llc: .

Description

Unique investment opportunity. This building features two units and a large basement that are each leased making three units. 802 Columbia is currently rented as a 4 bedroom apartment but in the past was used for a salon and then as psychiatric offices. 109 N 8th st is an office space. Both share use of the handicap ramp on the back of the building for ada compliance. The basement space is rented as storage. All spaces are leased until May 31, 2024. The favorable zoning is ready for redevelopment and the lease timeline will keep the property cash flowing while plans are in the works. Within walking distance to all downtown attractions, the apartment has 4 bedrooms, a large kitchen, 1.5 baths. The entry and living room are gorgeous with stunning original wood and glass features. Features include hardwood floors, French doors, fireplace, built-in bookcases and beautiful antique ceiling fixtures. Tenant occupied. Proof of funds required for showings. Please allow 24 Hours notice for showings.

Monthly Payment Calculator



© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2023-09-27T00:28:02.793.

www.movingwithteammelton.com/homes/141094535
Print Image

802 Columbia Street Lafayette, IN 47901

  • Price: $395,000
  • Status: Active
  • On Site: 88 Days
  • Updated: 69 min ago
  • MLS #: 202322734
4
Beds
1
Baths
1
½ Baths
0.14
Acres
3,118
SQFT
$127
$/SQFT
1915
Built
Neighborhood:
None
County:
Tippecanoe
Area:
Tippecanoe
Elementary School:
Thomas Miller
Middle School:
Sunnyside/Tecumseh
High School:
Jefferson
School District:
Lafayette
Property Description
Unique investment opportunity. This building features two units and a large basement that are each leased making three units. 802 Columbia is currently rented as a 4 bedroom apartment but in the past was used for a salon and then as psychiatric offices. 109 N 8th st is an office space. Both share use of the handicap ramp on the back of the building for ada compliance. The basement space is rented as storage. All spaces are leased until May 31, 2024. The favorable zoning is ready for redevelopment and the lease timeline will keep the property cash flowing while plans are in the works. Within walking distance to all downtown attractions, the apartment has 4 bedrooms, a large kitchen, 1.5 baths. The entry and living room are gorgeous with stunning original wood and glass features. Features include hardwood floors, French doors, fireplace, built-in bookcases and beautiful antique ceiling fixtures. Tenant occupied. Proof of funds required for showings. Please allow 24 Hours notice for showings.
Exterior Features

Architectural Style Historic Exterior Stucco Fence MetalWood Location City/Town/Suburb Lot Description CornerLevel Lot Dimensions 49' X 129' Outbuilding None Parking GravelOff Street Parking Spaces 5 Pool YN No Roof Material AsphaltShingle Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 4 Above Grade Finished Sqft 3118 Above Grade Unfin Sq Ft 0 Amenities BasementCeiling FanFenced YardFireplaceOff Street ParkingStorageBuilt-In BookcaseDetector-SmokeFoyer EntryPorch Covered Basement Foundation CrawlFull BasementWalk-Out BasementOutside Entrance Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1286 Cooling Central Air Dishwashers 1 Disposals 1 Dryers 1 Flooring CarpetWoodVinyl Heating Fuel Hot Water Microwaves 1 Ranges Ovens 1 Refrigerators 1 Rooms Below Grade 0 Total Baths 2 Total Below Grade Sqft 1286 Total Sq Ft 4404 Unit1 Basement YN No Unit1 Bathrooms 1.5 Unit1 Bedrooms 4 Unit1 Sq Ft 3118 Unit2 Sq Ft 300 Wash Dry Hookups 2 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 24000 Annual Insurance Expense 505 Annual Maint Expense 1777.27 Annual Misc 50 Annual Net Income 17716.57 Annual Property Tax 3951.16 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Common Amenities Sidewalks Documents Available Lbp FormSellers Disclosure Efficiencies 0 Electric Company Duke Energy Indiana For Sale Or Rent For Sale Four Bedrooms 1 Gross Monthly Income 2000 Gross Monthly Rent 2000 Inside City Limits Yes Lease Term 1 Year New Construction No One Bedrooms 0 Owner Pays Building Insurance Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays ElectricFuelHeatingLawn MaintenanceSewerSnow RemovalTrash CollectionWater Three Bedrooms 0 Township Fairfield Two Bedrooms 0 Unit1 Unit Rent 2000 Unit1- Currently Rntd Y / N Yes Unit1- Garage Y / N No Unit2 Unit Rent 0 Unit2- Currently Rntd Y / N Yes Units Rented 2 Water Utility City Year Taxes Payable 2022 Pay 2023

Listing provided by Stephen Halsema of Smartdigs, Llc: .

© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2023 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2023-09-27T00:28:02.793.

 
https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202322734-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202322734-2.jpg https://bt-photos.global.ssl.fastly.net/irmls/1280_boomver_1_202322734-2.jpg
Logo
Team Melton | ERA First Advantage Realty
8711 W Highway 66
Newburgh IN, 47630
Listing provided by Stephen Halsema of Smartdigs, Llc: .