Residential Income in Lafayette

$165,000

1118 2nd, 47905, Lafayette, IN

UNDER OFFER

Residential Income for sale in Lafayette, 1118 2nd, 47905, 1184 m²

1118 2nd, 47905, Lafayette, IN

$165,000

3Bed
2Bath
1184
Type: Residential Income

Description

Investment opportunity with immediate income! This well-maintained duplex at 1118 S. 2nd Street currently generates $1, 875 per month in rental income ($775 and $1, 100), offering immediate cash flow with long-term tenants already in place. One unit has been recently remodeled with updated flooring, fresh paint, and newer appliances, while the second unit provides stable occupancy with established tenants. A detached garage assigned to the front unit adds additional value and tenant convenience. Conveniently located just minutes from Purdue University, downtown Lafayette, shopping, dining, parks, and major employers, this property offers easy access to many of the area's most desirable destinations. This duplex offers an excellent opportunity for investors looking to expand their portfolio or for owner-occupants interested in offsetting their mortgage with rental income. With strong rental demand in the area and potential for future appreciation, this property offers both dependable income today and upside for tom

Location

1118 2nd, 47905, Lafayette, IN

Data

Object TypeResidential Income
Purchase Price$165,000
Living Space1184 m²
Plot Size526.11 m²
Bathrooms2
Construction Year1935
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeBaseboard
Primary Energy SourceN/A
Construction Year1935
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent