$200,000 Price Analysis   ♡   South Bend, IN 46616 3 bed 3 bath 3,289 SqFt ($60/SqFt) 5,227SqFt lot. Built 1920 Listed 2024-01-02, Taxes $2,979 | Ⓧ USDA Ineligible due to location near South Bend |
Unique investment opportunity minutes from down town South Bend.
* Sale Pending *This fully occupied building includes 2 Office spaces with frontage on Portage and a two story 3 Bedroom 1 bath residential house in the back facing Queen St.
House has some updates including newer HVAC. Currently pulling in 1, 250 per month in rent, this property offers flexibility and god cash flow.
Presented by Tyler Glenn at
Tiffany Group Real Estate Advisors Llc.
Property MLS #202400245 from IRMLS
Bedrooms: 3
Total Bathrooms: 1 / 2
Full Bathrooms: 1
1/2 Bathrooms: 2
Full Bathrooms: 1
1/2 Bathrooms: 2
Cooling Features: Central Air
Heating Features: Gas, Forced Air
Heating Features: Gas, Forced Air
Furnished Description: Building, Land, Lease
Flooring: Carpet, Tile, Vinyl
Flooring: Carpet, Tile, Vinyl
Basement Description: Unfinished
Lot Description: Corner
Lot Size Acres: 0.1199954
Lot Size Dimensions: 51X118
Lot Size Square Feet: 5227
Lot Size Acres: 0.1199954
Lot Size Dimensions: 51X118
Lot Size Square Feet: 5227
Garage Spaces: 6
Elementary School: Muessel
High School: Clay
Middle School: Edison
School District: South Bend Community School Corp
High School: Clay
Middle School: Edison
School District: South Bend Community School Corp
Muessel Elementary School is a public elementary school located approximately 0.5 miles away.
Map directions
Map directionsClay High School is a public high school located approximately 2.9 miles away.
Map directions
Map directionsEdison Intermediate Center is a public middle school located approximately 3.2 miles away.
Map directions
Map directionsHoly Cross Elementary School is a private elementary and middle school located approximately 0.6 miles away.
Map directions
Map directionsNumber of Units: 3
Number of Studio Units: 2
Number of 3 Bedroom Units: 1
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-3: 5
Unit-1 Square Feet: 450
Unit-2 Square Feet: 611
Unit-3 Square Feet: 1400
Unit 1 Total Actual Rent: 411
Unit 3 Total Actual Rent: 800
Number of Studio Units: 2
Number of 3 Bedroom Units: 1
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Rooms in Unit-3: 5
Unit-1 Square Feet: 450
Unit-2 Square Feet: 611
Unit-3 Square Feet: 1400
Unit 1 Total Actual Rent: 411
Unit 3 Total Actual Rent: 800
Income Includes: 24600
Lease Term: 1 Year
Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water
Lease Term: 1 Year
Tenant Pays: Electric, Fuel, Sewer, Trash Collection, Water
Maintenance Expense: 2000
Community Features: Basement, Off Street Parking, Countertops-Laminate
Annual Tax Amount: 2979
Source Listing Status: Pending
County: St. Joseph County
Directions: West on Angela, North on Portage, Building on on the South East Corner of Portage and Queen St.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 5121
Source Neighborhood: North West / Northwest
Number of Separate Electric Meters: 3
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
Parcel Number: 71-03-35-377-001.000-026
Postal Code Plus 4: 1738
Subdivision: North West / Northwest
Township: Portage
Lot Number: 116
Source System Name: C2C
Source Listing Status: Pending
County: St. Joseph County
Directions: West on Angela, North on Portage, Building on on the South East Corner of Portage and Queen St.
Tax Year: 2023
Source Property Type: INVESTMENT
Insurance Expense: 5121
Source Neighborhood: North West / Northwest
Number of Separate Electric Meters: 3
Owner Pays: Building Insurance, Lawn Maintenance, Maintenance
Parcel Number: 71-03-35-377-001.000-026
Postal Code Plus 4: 1738
Subdivision: North West / Northwest
Township: Portage
Lot Number: 116
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $99,000 + $8,100 $107,100 | $2,979 |
| 2021 | $90,500 + $9,700 $100,200 | $2,791 |
| 2020 | $90,500 + $9,700 $100,200 | $2,790 |
| 2018 | $87,400 + $9,800 $97,200 | $2,627 |
| 2017 | $86,200 + $9,800 $96,000 | $2,700 |
| 2016 | $86,200 + $9,800 $96,000 | $2,750 |
| 2015 | $85,400 + $9,800 $95,200 | $2,743 |
| 2015 | $84,400 + $9,800 $94,200 | $2,743 |
| 2013 | $85,400 + $9,800 $95,200 | $5,732 |
| 2012 | $86,100 + $9,800 $95,900 | $5,464 |
| 2011 | $74,400 + $15,500 $89,900 | $4,819 |
| 2010 | $74,400 + $15,500 $89,900 | $2,744 |
| 2009 | $74,400 + $15,500 $89,900 | $3,136 |
Listed 2024-01-02
$200,000
IRMLS
Sold 2022-04-21
$90,000
Public Record
Sold 2010-10-05
$71,438
Public Record
$200,000
IRMLS
Sold 2022-04-21
$90,000
Public Record
Sold 2010-10-05
$71,438
Public Record
Net Operating Income: 12040
Total Square Feet Living: 3289
Year Built: 1920
Above Grade Finished Area: 3289
Below Grade Unfinished Area: 650
Property Age: 104
Levels or Stories: 2
House Style: Two Story
Total Area Sqft: 3939
Total Below Grade Area: 650
Year Built: 1920
Above Grade Finished Area: 3289
Below Grade Unfinished Area: 650
Property Age: 104
Levels or Stories: 2
House Style: Two Story
Total Area Sqft: 3939
Total Below Grade Area: 650
Sewer: City
City
City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.