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  • $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

    *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.

    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#: 202305773MLS Logo

    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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