2508 Mishawaka Avenue South Bend, IN $ 154,900
2508 Mishawaka Avenue
$ 154,900
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2508 Mishawaka Avenue

South Bend, IN, 46615
$ 154,900
Bedrooms2 Baths3.0 Sq 2,082

Monthly Estimate*

$ 1,082

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Multi-Family Home for sale in South Bend, IN

for $154,900 with 2 bedrooms and 3 full baths. This 2,082 square foot home was built in 1920.

This property offers a total of 6 income-producing units along with an office or storage space, 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 high 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.

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Multi-Family Active

Price

$ 154,900

Bedrooms

2

Full Bath

3

Property Type

Multi-Family

Taxes

$ 1,230

Style

Sevenplex

Year Built

1920

Town/City

South Bend

County/Region

St Joseph

MLS | Web ID

202408742

Features
General
Heating Gas
Cooling None
Sewer City
Pool Y/N No
Status Active Active
Full Baths 3
Half Baths 0
Bathrooms 3
Year Built 1920
New Construction No
Tenant Pays Other
Subdivision Berner Grove
Style Two Story
Stories 2
Township Portage
Class INVESTMENT
Type Sevenplex
Age 104
Net Income -1230
Rent Income 0
Features Other-See Remarks
REO No
Area St. Joseph County
High School Adams
City South Bend
School District South Bend Community School Corp
Total Sq Ft 2082
Street Name Mishawaka
Elementary School Nuner
Middle School Jefferson
Legal Description E 42 1/2' OF W 89 1/2' LOTS 99 & 100 O P RIVER PARK
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202408742
Agent First Name Gene
Agent Last Name Risner
DOM 45
Tax Year 2023
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Interior
Basement Full Basement
Flooring Carpet
Beds 8
Total Number of Units 7
Microwaves 0
Refrigerators 0
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 6
Below Grade Baths 1
Below Grade Bedrooms 2
Total Rooms Below Grade 3
Ranges/Ovens 0
W/D Hookups 0
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Exterior
Exterior Aluminum
Number of Parking Spaces 0
Lot Size Area 5676
Lot Dimensions 43X132
Lot Description Irregular
Outbuilding None
Waterfront Y/N No
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* Excluded Features
List By
Gene Risner

Listing Agent

At Home Realty Group

Broker

generisner@gmail.com

Email

Affordability Calculator

$1,185
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,082
Monthly Property Taxes
$103
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1237707 Elementary School
1236710 Middle School
Adams High School High School
Pricing History
DatePricePrice ChangeDescription
4/10/2024$154,900 -3.13% Price Down
4/4/2024$159,900 -3.09% Price Down
3/17/2024$165,000 Listed Price

Map


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2508 Mishawaka Avenue, South Bend, IN, 46615 is a Multi-Family Home for sale at $154,900 with 2,082 sqft. 2508 Mishawaka Avenue has 2 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 46615 which is in South Bend, IN