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2508 Mishawaka Avenue, South Bend, IN 46615
$154,900
2508 Mishawaka Avenue, South Bend, IN 46615View this property at 2508 Mishawaka Avenue, South Bend, IN 46615
2508 Mishawaka AvenueSouth BendIN46615
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Property Description
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.
Full Property Details
Full Property Details for 2508 Mishawaka Ave
General
- Sold For: $154,900
- Taxes: (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202408742
- Added to Site: 78 day(s) ago
Interior
- Flooring: Carpet
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Exterior
- Exterior Features: Aluminum
- Color: Aluminum
Location
- Subdivision: 43X132
- Neighborhood: St. Joseph County
- Driving Directions: Logan to Mishawaka Ave
School Information
- Elementary School: South Bend Community School Corp
- Middle School: Jefferson
- High School: Adams
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas
- Heating Fuel: Gas
- Furnaces: 4
Utilities
- Sewer: City
- # Gas Meters: 6
Structural Information
- Architectural Style: Two Story
- Exterior Const.: Aluminum
- Basement: Yes
- Basement Entrance: 46615
- Stories/Levels: 2
- Finished Above Grnd: 1,728 Sq. Ft.
- Finished Below Grnd: 354 Sq. Ft.
- Year Built: 1920
Unit Information
- Units in Building: 7
- 1 Bedroom Units: 1
Unit 3
- Unit Description: Greater South Bend-Mishawaka AOR
- Square Feet: 1728
- Bedrooms: 354
Unit 4
- Bedrooms: 2
Unit 8
- Square Feet: 354
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,676
- Lot Description: Irregular
Financial Considerations
- Price Per Sq. Ft.: $89.64
- Assoc Fee Freq.: Not Applicable
- Tax Year: 2023
- Terms: 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 amen
Listed by At Home Realty Group, Gene Risner
McKinnies Realty, LLC Elkhart
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Schools
Schools serving 2508 Mishawaka Ave
School District:South Bend Community School Corporation
Rating | Name | Grades | Distance |
---|---|---|---|
2716 Pleasant St, South Bend, IN 46615 | K-5 | 0.3 mi | |
528 S Eddy St, South Bend, IN 46617 | 6-8 | 1.2 mi | |
808 S Twyckenham Dr, South Bend, IN 46615 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2508 Mishawaka Ave
Date
Details
Price
Change
Source
5/16/2024
Sold
$154,900
—
MLS
4/10/2024
Price Reduced
$154,900
-3.13%
MLS
4/04/2024
Price Reduced
$159,900
-3.09%
MLS
3/15/2024
Listed
$165,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2508 Mishawaka Avenue, South Bend, IN 46615 (MLS# 202408742) is a Multi-Family property that was sold at $154,900 on May 16, 2024. Want to learn more about 2508 Mishawaka Avenue? Do you have questions about finding other Multi-Family real estate for sale in South Bend? You can browse all South Bend real estate or contact a Coldwell Banker agent to request more information.