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Off market
  • $737,100

    1308 Mishawaka Ave, South Bend, IN 46615

    10beds
    6,048sqft
    MultiFamily
    Built in 1950
    -- sqft lot
    $737,100 Zestimate®
    $122/sqft
    $1,060 Estimated rent

    What's special

    Great investment opportunity! This eye-catching apartment building is a rare find. Excellent location between the IUSB campus and the Farmer's market. It is being offered at a 10% cap rate including management fees. This 10 unit building has six 1 bedroom units and four studio apartments. There is coin operated laundry machines available for tenant use. Two additional parcels located behind the building go along with the sale.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 10
    • Full bathrooms: 10
    Heating
    • Gas
    Cooling
    • None
    Appliances
    • Included: Dryer, Range / Oven, Refrigerator, Washer
    • Laundry: Washer/Dryer Hookups
    Features
    • Flooring: Hardwood
    • Basement: Partial, Block
    Interior area
    • Total interior livable area: 6,048 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 10
    Features
    • Exterior features: Brick
    Lot
    • Size: 0.33 Acres
    • Features: Level, 0 to 2.9999 Acres
    Details
    • Parcel number: 710918126002000026

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1950

    Utilities & green energy

    • Sewer: City
    • Water: City

    Community & neighborhood

    Location
    • Region: South Bend

    HOA & financial

    Other financial information
    • Total actual rent: 73320

    Other

    Other facts
    • Flooring: Wood
    • Appliances: Range/Oven, Refrigerator, Dryer, Washer
    • HeatingYN: true
    • Basement: Partial, Block
    • LeaseTerm: 12 Months
    • OwnerPays: Sewer, Trash Collection, Water, Taxes, Heating
    • ConstructionMaterials: Brick
    • NumberOfUnitsTotal: 10
    • LotFeatures: Level, 0 to 2.9999 Acres
    • Heating: Hot Water
    • NumberOfBuildings: 1
    • FarmLandAreaUnits: Square Feet
    • TrashExpense: 1000
    • NumberOfUnitsLeased: 10
    • MaintenanceExpense: 1200
    • TenantPays: Electricity
    • ParkingFeatures: Off Street
    • BelowGradeFinishedArea: 0
    • FoundationDetails: Basement
    • WaterSource: City
    • LaundryFeatures: Washer/Dryer Hookups
    • PetsAllowed: Pet Restrictions
    • Sewer: City
    • MlsStatus: Active
    • GrossIncome: 6110
    • InsuranceExpense: 2296
    • OtherExpense: 7332
    • TotalActualRent: 73320
    • ElectricExpense: 1794.9
    • FuelExpense: 2902.24
    • NetOperatingIncome: 50333.97
    • WaterSewerExpense: 2903.89
    Services availability