1316 Ferry Street

Lafayette, IN 47904

$250,000
Price
4
Beds
2
Baths
2,326 Sq. Ft.
$107 / Sq. Ft.
2,326
Sq. Ft.
$107
per Sq. Ft.

Description

Great opportunity to invest, whether you rent both units, or live in one and rent the other! Unit one is on the main floor with two bedrooms off a living area, a third bedroom, eat-in kitchen, porch and access to cellar. Unit two is upstairs with two bedrooms, a living room, eat-in kitchen and one full bathroom. Off-street parking behind property and a new roof. Tenants rights through 1/31/25 and 10/31/25. All showings require 24 hour notice.Great opportunity to invest, whether you rent both units, or live in one and rent the other! Unit one is on the main floor with two bedrooms off a living area, a third bedroom, eat-in kitchen, porch and access to cellar. Unit two is upstairs with two bedrooms, a living room, eat-in kitchen and one full bathroom. Off-street parking behind property and a new roof. Tenants rights through 1/31/25 and 10/31/25. All showings require 24 hour notice.
  1. Listed by Stacy Grove • @properties

Property Details for 1316 Ferry Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 11/21/2024 07:25 PM

Property Details for 1316 Ferry Street

StatusActive
MLS #202444970
Days on MarketListed Today
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1901
Lot Size0.11 AC / 4,800 SF
CountyTippecanoe County

Building Information for 1316 Ferry Street

Stories2Residences2Year Built1901Building Size-Lot Size0.11 AC / 4,800 SF

Property Information for 1316 Ferry Street

Summary
Location and General Information
  • Area: Tippecanoe County
  • City: Lafayette
  • Zip + 4: 1533
  • Zip Code: 47901
  • City Zoning: R2
  • State: IN
  • Township: Fairfield
  • Geo Latitude: 40
  • Geo Longitude: -87
  • Inside City Limits: Yes
  • Fips Code: 18157
  • Directions To Property: Go South on Erie St, left on Ferry, property on your left
Taxes and HOA
  • Assessed Value $: $108,100.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2024
  • Parcel Number Id: 79-07-21-354-002.000-004
School Information
  • School District: Lafayette
  • Elementary: Murdock
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson
Parking
  • Number Of Parking Spaces: 2
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Duplex
  • Approx Lot Size Acres: 0.11
  • Lot Dimensions: 40X120
  • Lot Number: 4
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2326.0
  • Approx Lot Size Sqft: 4800.0
  • Above Grade Finished Sqft: 2326.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 0.0
  • Total Finished Sqft: 2326.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level, 0-2.9999
Property and Assessments
  • New Construction: No
  • Year Built: 1901
  • Age: 123
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Off Street Parking, Eat-In Kitchen, Porch Covered, Water Heater Electric, Water Heater Gas, Washer Hook-Up
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 2
  • Number of Refrigerators: 2
  • Number of W/D Hookups: 2
  • Number of Washers: 0
  • Basement: No
  • Basement/Foundation: Cellar, None
  • Cooling: Central Air
  • Flooring: Carpet, Vinyl
  • Heating/Fuel: Electricity, Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 4
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 4
  • Total Number of Full Baths: 2
  • Total Number of Half Baths: 0
  • Total Baths: 2
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 0
  • Num Of 2 Bedrooms: 1
  • Num Of 3 Bedrooms: 1
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 2
  • Number of Units: 2
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $26,868
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $26,868
  • Annual Property Tax: $0
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $2,239
  • Gross Monthly Rent: $2,239
Unit Information
Unit 1
  • Unit 1 SqFt: 1118
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 3
  • Unit 1-Num of Rooms: 5
  • Unit 1-Basement: No
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $1,110.00
  • Unit 1-Garage: No
  • Unit 1-Laundry Room: Other
  • Unit 1-Lease Exp Date: 01-31-2025
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $1,210
Unit 2
  • Unit 2 SqFt: 1118
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 4
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $929.00
  • Unit 2-Garage: No
  • Unit 2-Laundry Room: Bathroom
  • Unit 2-Lease Exp Date: 10-31-2025
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: B
  • Unit 2-Unit Rent $: $1,029
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: None
  • Tenant Pays: Cooling, Electric, Heating, Sewer, Trash Collection, Water

Property History for 1316 Ferry Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1316 Ferry Street

Taxable ValueLand$16,000Additions$92,100Total$108,100
Tax Record2023$2,164 ($180 / month)
Home Facts
Baths2Total Finished SqFt2,326 SqFtAbove Grade Finished SqFt2,326 SqFtStories1Lot Size4,800 SqFtStyleMulti-Family Dwelling (2-4)Year Built1901Year Renovated1906CountyTIPPECANOEAPN79-07-21-354-002.000-004

Schools near 1316 Ferry Street

This home is within Lafayette School Corporation.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Murdock Elementary School
PublicK to 4

Lafayette Sunnyside Middle School
Public5 to 6

Lafayette Tecumseh Jr High School
Public7 to 8

Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1316 Ferry Street is a multi-family home for sale in Lafayette, IN 47904. This listing's school district is Lafayette School Corporation. Nearby schools include Murdock Elementary School, Lafayette Sunnyside Middle School and Lafayette Tecumseh Jr High School. 1316 Ferry Street is a 4-bed, 2-bath, 2,326 sqft multi-family home built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties

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