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$ 349,900
Est. payment /mo
Active
110 S 16th Street Lafayette, IN 47905
653 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202540081
Year Built 1960
Annual Tax Amount $7,122
Lot Size 653 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State IN
County Tippecanoe County
Area Tippecanoe County
Direction West on South Street, Turn Left on S 16th St. Property is on the right
Interior
Flooring Concrete, Wood
Appliance Building, Business, Furniture, Other, Inventory
Exterior
Fence None
Roof Type Rubber,Shingle
Building
Story 2
New Construction No
Others
Financing Cash,Other
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202540081
IDX information provided by the Indiana Regional MLS
Listed by Jessica Collaco • Keller Williams Lafayette • Agt: 818-648-7130
