$175,000

2226 N 23rd Street, Lafayette, IN 47904

  • 3 beds |
  • 2 baths |
  • 1,728 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1948
  • Property Lot Size Icon5,227sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $101/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Attention investors! This 3-bedroom, 2-bathroom ranch in Lafayette is a rare find with strong rental potential and endless possibilities for a flip or buy-and-hold investment. The home features a finished basement with a second kitchen, making it ideal for multi-generational living, a second rental unit, or student housing. A large 2.5-car detached garage adds extra value with space for parking, storage, or a workshop. This fixer-upper already has the major updates completed. The roof was replaced in 2023, and in 2024 the furnace, AC, water heater, electrical, and sewer line were all updated. With solid bones and the big-ticket items already done, this property is ready for cosmetic upgrades to maximize equity and cash flow. Located just 10 minutes from Purdue University, this home offers prime proximity for student rentals, short-term rentals, or long-term rentals. Lafayette is a growing Indiana market with strong demand for housing, making this an excellent opportunity for investors seeking a value-add property. Home is being sold AS-IS.

Listing Status:
Active
Listing Office:
Compass Indiana, LLC : 317-690-3370
Listing Agent:
Nicholas Laviolette : 317-690-3370
MLS ID:
22060639
  • General: Attic AccessEat-in Kitchen
  • Appliances: Gas Water Heater
  • Basement: DaylightFinishedFull
  • A/C: Central Air
  • Heating: Forced AirNatural Gas
  • Fireplace: Fireplaces: 0
  • General: Storage Shed
  • Style: Ranch
  • Parking: Detached
  • General: OneBlock
  • Originating MLS: mibor
  • School District: Lafayette School Corporation
  • County: Tippecanoe
  • Zoning: J G Robinsons Addn Lot 43 & 3 Ft S Side Lot 44790716835093000004
  • Fencing: Chain LinkFull
  • Water: Public
  • Source: mibor

This listing courtesy of Nicholas Laviolette, Compass Indiana, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

V

Vinton Elementary School

3101 Elmwood Ave, Lafayette, IN, 47904

Grades KG-4

0.57 miles away

L

Lafayette Tecumseh Jr High School

2101 S 18th St, Lafayette, IN, 47905

Grades 7-8

2.97 miles away

O

Oakland High School

1100 Elizabeth St, Lafayette, IN, 47904

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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