3538 Bethel Drive West Lafayette, IN $ 850,000
3538 Bethel Drive
$ 850,000
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3538 Bethel Drive

West Lafayette, IN, 47906
$ 850,000
Bedrooms14 Baths8.0 Sq 6,368

Monthly Estimate*

$ 5,938

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Multi-Family Home for sale in West Lafayette, IN

for $850,000 with 14 bedrooms and 8 full baths. This 6,368 square foot home was built in 2000.

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.

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Multi-Family Pending

Price

$ 850,000

Bedrooms

14

Full Bath

8

Property Type

Multi-Family

Taxes

$ 7,572

Style

Traditional

Year Built

2000

Town/City

West Lafayette

County/Region

Tippecanoe

MLS | Web ID

202340775

Features
General
Heating Electricity
Cooling Central Air
Sewer Public
Pool Y/N No
# of Buildings 1
Status Pending Pending
Full Baths 8
Half Baths 0
Bathrooms 8
Year Built 2000
Parking Off Street Paved Private
New Construction No
Tenant Pays Electric Water
Subdivision None
Style Two Story
Stories 2
Township Wabash
Class INVESTMENT
Type Sixplex
Age 23
Net Income 57578
Rent Income 76800
Features Ceiling Fan Storage Balcony Cable Ready Countertops-Laminate Deck Covered Patio Covered Porch Covered Water Heater Electric
REO No
Area Tippecanoe County
Location City/Town/Suburb Near Airport Near College Campus
High School William Henry Harrison
City West Lafayette
School District Tippecanoe School Corp.
Architctural Style Traditional
Total Sq Ft 6368
Street Name Bethel
Elementary School Klondike
Middle School Klondike
Legal Description brindon apartments SD PH 1 & brindon commercial SD PH 1 Lot 5
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202340775
Agent First Name Scott
Agent Last Name Brown
DOM 7
Tax Year 2023
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Exterior
Road Surface Asphalt
Road Access County
Exterior Brick Vinyl
Number of Parking Spaces 11
Lot Size Area 12197
Lot Dimensions Irregular
Lot Description Level
Fence None
Water Meters 6
Electric Meters 6
Outbuilding None
Gas Meters 0
Waterfront Y/N No
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Interior
Basement Slab
Flooring Carpet Ceramic Tile Laminate
Beds 14
Total Number of Units 6
Microwaves 6
Refrigerators 6
Washers 6
Dryer(s) 6
Dishwasher(s) 6
Disposal(s) 6
Above Grade Bedrooms 14
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 6
W/D Hookups 6
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* Excluded Features
List By
Scott Brown

Listing Agent

Keller Williams Lafayette

Broker

realestatebrown@yahoo.com

Email

Affordability Calculator

$6,569
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,938
Monthly Property Taxes
$631
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1236647 Elementary School
1237546 Middle School
William Henry Harrison High School High School
Pricing History
DatePricePrice ChangeDescription
11/6/2023$850,000 Listed Price

Map


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3538 Bethel Drive, West Lafayette, IN, 47906 is a Multi-Family Home for sale at $850,000 with 6,368 sqft. 3538 Bethel Drive has 14 bedrooms, 8.0 baths, and was built in 2000. The property's zip code is 47906 which is in West Lafayette, IN