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374 Elston Rd
Lafayette, IN 47909

Price Upon Request

Apartments For Sale  •  28,470 SF

Property Details

  • Property Type Apartments
  • Total Building Size 31,634 SF
  • Lot Size 2.71 AC
  • Building Class B
  • Year Built 1996
  • Zoning R-3
30 Transit Score
40 Walk Score

Highlights

6.8% in-place cap rate
Upgrade 32 partially renovated units - $112 avg. rent premium
Ability to grow to a 7.3% cap rate upon completion of upgrades
Mid-90% occupancy has been maintained with minimal bad debt
Well maintained and thoughtfully updated by current ownership

Major Tenants

Tenant SF Occupied Lease End Date
JG2 - Elston Point

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Balcony
  • Controlled Access
  • Dishwasher
  • Disposal
  • Microwave
  • Tenant Controlled HVAC
  • Washer/Dryer
  • Renters Insurance Program
  • Refrigerator
  • Hearing Impaired Accessible
  • Maintenance on site
  • Online Services
  • Vision Impaired Accessible
  • Wheelchair Accessible (Rooms)
  • Public Transportation

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 67
Type: Surface
Included in Rent: Yes
Cameron Benz 317-650-0013 CBRE
Cameron Benz 317-650-0013 CBRE