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The Press 615 Ferry St

54 Unit Block of Flats £6,241,079 (£115,576/Unit) Lafayette, IN 47901

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Investment Highlights

Convenient Downtown Lafayette location near Purdue, trolley to campus, downtown restaurants/coffee/tea/shopping
Open plan with high ceilings, original terazo and other original building finishes and features

Property was previously home to Lafayette Journal & Courier newspaper. Multifamily Units have been over 90% leased since 2018 renovation

Executive Summary

Property includes 54 Multifamily units (45-1 Bdrm/1BA, 9-Studio, 2-1 BDRM/2 BA), 12 Individual office units, 5,000 SF Federal Style Building on Corner (ready for build out), .22 AC Surface Parking Lot w/ 26 spaces

CBCS Confidentiality Agreement The Press

Property Facts

Price	£6,241,079	Lot Size	0.79 AC
Price Per Unit	£115,576	Building Size	30,230 SF
Sale Type	Investment	Average Occupancy	98%
No. Units	54	Number of Floors	4
Property Type	Residential	Year Built/Renovated	1960/2018
Property Subtype	Apartment	Parking Ratio	1.28/1,000 SF
Apartment Style	Mid Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	£6,241,079
Price Per Unit	£115,576
Sale Type	Investment
No. Units	54
Property Type	Residential
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.79 AC
Building Size	30,230 SF
Average Occupancy	98%
Number of Floors	4
Year Built/Renovated	1960/2018
Parking Ratio	1.28/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Air Conditioning
Dishwasher
Heating
Ceiling Fans

Eat-in Kitchen
Kitchen
Refrigerator

Oven
Tub/Shower
Carpet

Basement
Office
Smoke Free

Site Amenities

Business Centre
Fitness Centre
Laundry Facilities

Rubbish Collection - Door to Door
Vintage Building
Community-Wide Wi-Fi

Conference Rooms
Lift

Health Club Discount
Public Transportation

Unit Mix Information

Description	No. Units	Avg. Rent.Mo	SF
Studios	9	-	400 - 540
1+1	43	-	500 - 1,150
1+2	2	-	500 - 1,150

1 of 1

Walk Score ®

Very Walkable (87)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers	Multiple 79-07-20-479-008.000-004 79-07-20-476-010.000-004 79-07-20-479-007.000-004 79-07-20-479-006.000-004 79-07-20-476-011.000-004	Improvements Assessment	£3,488,011
Land Assessment	£570,605	Total Assessment	£4,058,616

PROPERTY TAXES

Parcel Numbers

Multiple

79-07-20-479-008.000-004
79-07-20-476-010.000-004
79-07-20-479-007.000-004
79-07-20-479-006.000-004
79-07-20-476-011.000-004

Land Assessment

£570,605

Improvements Assessment

£3,488,011

Total Assessment

£4,058,616

zoning

Zoning Code	Central Business (CB) (To provide core business areas in the central parts of the City of Lafayette for retailing, services, government and professional offices, housing.)
Central Business (CB) (To provide core business areas in the central parts of the City of Lafayette for retailing, services, government and professional offices, housing.)