$154,900 Price Analysis   ♡   South Bend, IN 46615 8 bed 3 bath 2,082 SqFt ($74/SqFt) 5,676SqFt lot. Built 1920 Listed 2024-03-17, Taxes $1,195 | Ⓧ USDA Ineligible due to location near South Bend |
This property offers a total of 6 income-producing units along with an office or storage space
* Sale Pending *Providing a robust cash flow of over $2, 000 per month. The unit mix includes 4 studio units, with 3 currently rented and two 1-bedroom units, all of which are fully rented out. Income Potential: With a strong rental history and long-term tenants, this property presents a stable income stream for investors. Convenient Location: Situated in a convenient location, the property offers easy access to amenities and transportation, enhancing its appeal to tenants.
Low Vacancy Rates: The current occupancy rate indicates hgh tenant satisfaction and suggests low turnover, reducing the risk of income loss. Investment Opportunity: This property represents an excellent investment opportunity for those seeking stable rental income. With a solid cash flow and a mix of unit types, it provides diversification and income stability.
Presented by Gene Risner at
At Home Realty Group.
Property MLS #202408742 from IRMLS
Full Bathrooms: 3
Flooring: Carpet
Lot Size Acres: 0.130303
Lot Size Dimensions: 43X132
Lot Size Square Feet: 5676
High School: Adams
Middle School: Jefferson
School District: South Bend Community School Corp
Map directions Map directions Map directions Map directionsNumber of Studio Units: 4
Number of 1 Bedroom Units: 2
Source Listing Status: Pending
County: St. Joseph County
Directions: Logan to Mishawaka Ave
Tax Year: 2023
Source Property Type: INVESTMENT
Source Neighborhood: Berner Grove
Parcel Number: 71-09-17-104-002.000-026
Postal Code Plus 4: 2252
Subdivision: Berner Grove
Township: Portage
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $42,400 + $7,400 $49,800 | $1,195 |
| 2021 | $38,800 + $1,600 $40,400 | $1,012 |
| 2020 | $38,800 + $1,600 $40,400 | $1,012 |
| 2018 | $39,100 + $1,600 $40,700 | $1,014 |
| 2017 | $38,300 + $1,600 $39,900 | $1,036 |
| 2016 | $38,300 + $1,600 $39,900 | $1,058 |
| 2015 | $51,400 + $3,700 $55,100 | $1,014 |
| 2015 | $37,400 + $1,600 $39,000 | $1,014 |
| 2013 | $44,900 + $3,200 $48,100 | $2,896 |
| 2012 | $44,200 + $3,200 $47,400 | $2,700 |
| 2011 | $37,800 + $1,000 $38,800 | $2,079 |
| 2010 | $42,700 + $1,100 $43,800 | $917 |
| 2009 | $34,800 + $900 $35,700 | $2,353 |
$154,900
IRMLS
Price Changed 2024-04-04
$159,900
IRMLS
Listed 2024-03-17
$165,000
IRMLS
Year Built: 1920
Above Grade Finished Area: 1728
BelowGradeFinishedArea: 354
Property Age: 104
Levels or Stories: 2
Structure Type: Sevenplex
House Style: Two Story
Total Area Sqft: 2082
Total Below Grade Area: 354
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.