110 S 16th Street, Lafayette, IN 47905
sale
$349,900
|
Mixed Use
Courtesy Of Lafayette Success Group, LLC
Live, work, and invest-all in the same property! The possibilities are endless with this rare opportunity to own a well-established lawn mower repair shop along with 2 rental units. Use your business savvy to bring out the full potential in this property. Unit 1 is a 1 bedroom efficiency,that has rented for $600 monthly. Unit 2 is a 3 bedroom, 1 bathroom space with washer/dryer hookups that has rented for $1500. With some renovations, those rents could increase. Seller is willing to train new owner to run the mower shop or it can be cleared out so you can reimagine a new possibility. Tenants can walk Downtown or catch a quick bus to Purdue. Acquire this property individually, or package it with the adjacent duplex at 1602 Grove--don't miss your chance to shape a corner of this developing area and maximize your investment potential.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Cooling System: Wall Unit(s)
- Floor Covering: Wood
- Floor Covering: Concrete
- Floors: 2
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: OAKLAND ADDN LOT 66
- MLSID: 202540081
- Roof Type: Rubber
- Roof Type: Shingle
- Rooms: Office
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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