*Property is Back on Market due to no fault of the seller or the home itself.* Much of the beautiful original interior craftsmanship remains unmodified in our unique and stately Downtown Lafayette home. Built in 1879 by the Perrin family, this home has been carefully maintained through the years after being converted to multifamily property. Currently four units are rented and a fifth unit on the lower level waits for your finishing touches to add further annual income yield. Main floor unit is perfect for an owner/occupant at 1800 sf and features 4 original fireplace mantles and facades while you rent the three upper units. Off street parking is available on the double wide driveway that leads to a 2 car detached garage. Backyard features a 6 foot wood privacy fence with 2 access points from the main floor unit. Recent roof replacement and new boiler installed late 2022. THIS PROPERTY REQUIERS A COMMERCIAL LOAN FOR MORTGAGE PURCHASE.
Closed
$300,000
1509 Cason St, Lafayette, IN 47904
5beds
3,428sqft
Fiveplex
Built in 1879
-- sqft lot
$-- Zestimate®
$--/sqft
$1,482 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 12, 2023 at 08:35am
Listed by:
Billy Brand 765-418-0387,
F.C. Tucker/Shook
Bought with:
Derrick Webb, RB14036201
Merit Realty - Lafayette
Source: IRMLS,MLS#: 202305773

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
- Full bathrooms: 5
Heating
- Hot Water, Radiator
Cooling
- Window Unit(s)
Appliances
- Included: Gas Water Heater, Water Softener Owned
Features
- Ceiling Fan(s), Ceiling-9+
- Flooring: Ceramic Tile, Wood, Vinyl
- Doors: Pocket Doors
- Windows: Storm Window(s)
- Basement: Partial,Partially Finished,Outside Entrance Only,Stone
Interior area
- Total structure area: 4,756
- Total interior livable area: 3,428 sqft
- Finished area above ground: 3,428
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Garage, Off Street, Paved, On Street, Off Street Parking, Concrete
- Has garage: Yes
- Has uncovered spaces: Yes
Features
- Levels: Three Story
- Stories: 3
- Patio & porch: Porch Covered
- Fencing: Full,Wood,Fenced
Lot
- Size: 0.40 Acres
- Dimensions: 192 x 93
- Features: Corner Lot, Irregular Lot, Rolling Slope, Historic Designation, 0-2.9999, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 790721380001.000004
- Zoning: R2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fiveplex
Materials
- Brick, Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1879
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: CenterPoint Energy
- Sewer: City
- Water: City
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Lafayette
- Subdivision: Perrins
HOA & financial
Other financial information
- Total actual rent: 39000
Other
Other facts
- Listing terms: Cash,Conventional
Services availability

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