West Lafayette, IN 47906 3538 Bethel Drive
$850,000
Pending
19 more
Presented By: Scott Brown with Keller Williams Lafayette; Agt: 765-714-1971
Beds • 14
Baths • 8
SQFT • 6,368
Home Details
Prime investment opportunity just minutes from Purdue University in West Lafayette. This fully rented 6-unit building offers an unbeatable location off the 231 bypass, providing seamless access to campus, retail stores, fast food, restaurants, and services. The area is witnessing strong growth and development, making it a lucrative choice for investors. The building is well-maintained with most units having had updated flooring, paint, appliances, and water heaters. Currently at high occupancy, there's room for rent increases, maximizing your potential returns. This exclusive property features two 3-bedroom units and four 2-bedroom units, making it one of only two buildings in the development with six units. Priced at a competitive 6.75 Cap Rate, this investment promises steady income and significant appreciation potential. Don't miss this rare opportunity to secure your future in this thriving market.
Presented By: Scott Brown with Keller Williams Lafayette; Agt: 765-714-1971
Interior Features for 3538 Bethel Drive
Bedrooms
Num. of 1 Bedrooms0
Num. of 2 Bedrooms4
Num. of 3 Bedrooms2
Num. of 4 Bedrooms0
Unit 1-# of Bedrooms3
Unit 2-# of Bedrooms2
Unit 3-# of Bedrooms2
Unit 4-# of Bedrooms2
Unit 5-# of Bedrooms2
Unit 6-# of Bedrooms3
Above Grade Bedrooms14
Beds14
Below Grade Bedrooms
Bathrooms
Unit 1-# of Bathrooms2
Unit 2-# of Bathrooms1
Unit 3-# of Bathrooms1
Unit 6-# of Bathrooms2
Below Grade Baths
Other Interior Features
Total Finished SqFt6368
Basement Y/NNo
Above Grade Finished SqFt6368
Above Grade Unfin. SqFt0
Below Grade Finished SqFt0
Below Grade Unfin. SqFt0
Main Level SqFt3184
Num. of Efficiencies0
BasementSlab
Dishwasher(s)6
Disposal(s)6
Dryer(s)6
FlooringCarpet, Ceramic Tile, Laminate
Microwaves6
Ranges/Ovens6
Refrigerators6
Total Number of Units6
W/D Hookups6
Washers6
Other Rooms
Total Rooms Below Grade
General for 3538 Bethel Drive
# of Buildings1
Age23
Agent First NameScott
Agent Last NameBrown
Annual Electric Expense
Annual Fuel Expense
Annual Insurance Expense3100
Annual Trash Expense
Architctural StyleTraditional
AreaTippecanoe County
Assoc. Dues FrequencyNot Applicable
Associated Document Count6
Auction Y/NNo
Bathrooms8
CityWest Lafayette
ClassINVESTMENT
CoolingCentral Air
DOM7
Elementary SchoolKlondike
FIPS Code18157
FeaturesCeiling Fan, Storage, Balcony, Cable Ready, Countertops-Laminate, Deck Covered, Patio Covered, Porch Covered, Water Heater Electric
Full Baths8
Half Baths
HeatingElectricity
High SchoolWilliam Henry Harrison
Legal Descriptionbrindon apartments SD PH 1 & brindon commercial SD PH 1 Lot 5
LocationCity/Town/Suburb, Near Airport, Near College Campus
Middle SchoolKlondike
Net Income57578
New ConstructionNo
OwnerPaysAssociation Dues, Building Insurance, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection
ParkingOff Street, Paved, Private
Pet Restrictions Y/NNo
REONo
Rent Income76800
School DistrictTippecanoe School Corp.
SewerPublic
StatusPending
StatusPending
Status Detail0
Stories2
StyleTwo Story
SubdivisionNone
Tax Year2023
Tenant PaysElectric, Water
Total Sq Ft6368
TownshipWabash
TypeSixplex
Virtual TourClick here
Year Built2000
Exterior for 3538 Bethel Drive
Approx. Lot Size Acres0.28
Electric Meters6
ExteriorBrick, Vinyl
FenceNone
Gas Meters
Lot DescriptionLevel
Lot DimensionsIrregular
Lot Size Area12197
Number of Parking Spaces11
OutbuildingNone
PoolNo
ROOF MATERIALAsphalt, Shingle
Road AccessCounty
Road SurfaceAsphalt
Water Meters6
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
William Henry Harrison High School
Elementary School
Klondike Elementary School
Middle School
Klondike Middle School
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