All Forum Posts by: Courtney Waldon

A fantastic 24 unit apartment complex less than 10 minutes from Purdue University in Lafayette, IN. Built in 2000. Strong occupancy numbers with under market rents (10-15% below market). Great opportunity for a value add in rental increases. All 2 bed/1 bath and 3 bed/1 bath units. Large floorplans (1,000 SF for 2 bed, 1,200 SF for 3 bed). Expenses are able to be kept lower due to limited common area. Tenants pay own electric and water utility reimbursement. Recently upgraded units limits necessary maintenance per door. Tippecanoe County is the fastest growing county in Indiana. 

Contact me with any questions! Rent roll and P&L available upon request.

Madison Flatts is a recently remodeled 52 unit complex on the southside of Lafayette, IN. For $3.6 million, you are getting a basically brand new complex that runs extremely efficiently and has had high occupancy rates since the remodel. Each of the 6 buildings is 100% masonry built. The units are split up into two groups, luxury and remodel. The luxury units sport brand new flooring, stainless steel appliances, granite countertops, and updated cabinetry. Remodeled units have new flooring, but basic kitchen appliances, cabinets, and countertops. Feel free to look at the attached flyer and contact me if you are interested. Thank you