1202 W 7th St
Mishawaka, IN 46544

$69,900

Last Sold Price

Beds

Baths

2,503 Sq. Ft.

$28 / Sq. Ft.

2,503

Sq. Ft.

$28

per Sq. Ft.

Get preapproved with Rocket Mortgage¹

Sold 10/21/15

1202 West 7th Street Mishawaka, IN 46544 - Photo 1 of 10

Description

Well maintained 3 unit rental in Mishawaka, 1 block E. of Logan on 7th St. between LincolnWay West and Milburn. There is a huge fenced yard to the right included as Lot 74 and the triplex sets on Lot 73. This is a good money maker since all 3 tenants pay for their own gas heat, electric and central air in all units. 3 units bring in over $17,000/year. Buyer can live free while other 2 units pay the mortgage and utilities. Owner only pays for hot water, trash removal lawn mowing, taxes, Insurance...Well maintained 3 unit rental in Mishawaka, 1 block E. of Logan on 7th St. between LincolnWay West and Milburn. There is a huge fenced yard to the right included as Lot 74 and the triplex sets on Lot 73. This is a good money maker since all 3 tenants pay for their own gas heat, electric and central air in all units. 3 units bring in over $17,000/year. Buyer can live free while other 2 units pay the mortgage and utilities. Owner only pays for hot water, trash removal lawn mowing, taxes, Insurance and maintenance. All tenants are on a month to month lease. There are 3 garages. These apartmenst stay full, rarely any vacancy for long. Maintenance free exterior. Verify schools and sq. footage.

Listed by Penny Hughes • Hughes Investments, LLC

Property Details for 1202 West 7th Street

Style

Two Story

Waterfront

Pet Restrictions

Yes

LISTING UPDATED: 10/21/2015 06:59 PM

Property Details for 1202 West 7th Street

Status	Sold
MLS #	201437289
Days on Market	383
Taxes	$1,800 / year
HOA Fees	-
Condo/Co-op Fees	-
Property Type	Multi Family
MLS Type	Multi Family / Triplex
Year Built	1925
Lot Size	0.21 AC / 9,148 SF
County	St. Joseph County

Get preapproved with Rocket Mortgage¹

Location

Listing Courtesy of Hughes Investments, LLC

Sold By Hughes Investments, LLC

Add your commute

Building Information for 1202 West 7th Street

Stories2Residences3Year Built1925Building Size-Lot Size0.21 AC / 9,148 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage¹

$498 per month

30 year fixed, 6.36% Interest

Principal and Interest

$348

Property Taxes

$150

HOA Dues

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Property Information for 1202 West 7th Street

Summary

Location and General Information

Area: St. Joseph County
City: Mishawaka

Zip Code: 46544
State: IN
Township: Penn
Cross Street: Logan
Grid: 160 St. Joe Co.
Road Access: City
Inside City Limits: Yes
Fips Code: 18141
Directions To Property: Go east off Logan 1 block north of Milburn and 5 blocks south of Lincolnway W. Mishawaka
Location: City/Town/Suburb

Taxes and HOA

Tax Code: Tax Code 16-Mishawaka
Assessed Value $: $81,600.00

Association Dues $: $.00
Assoc Dues Frequency: Not Applicable
Assoc Restrictions: No
Year Taxes Payable: 2014
Parcel Number Id: 71-09-16-310-024.000-023

School Information

School District: School City of Mishawaka
Elementary: Lasalle

Middle School: John Young
High School: Mishawaka

Parking

Number Of Parking Spaces: 3
Parking: Garage, Off Street, Private

Virtual Tour

Unbranded Virtual Tour: http://instatour.propertypanorama.com/instaview/irmls/201437289

Property

Lot Information

Class: INVESTMENT
Property Subtype: Triplex

Approx Lot Size Acres: 0.21
Lot Dimensions: 116x50
Below Grade Unfin Sqft: 400.0
Total Square Feet: 2903.0
Upper Level Sqft: 1021.0
Approx Lot Size Sqft: 9148.0
Above Grade Finished Sqft: 2042.0
Below Grade Finished Sqft: 461.0
Total Below Grade Sqft: 861.0
Total Finished Sqft: 2503.0
Above Grade Unfin Sqft: 0.0
Lot Description: Level
Main Level Sqft: 1021.0
Outbuilding Length: 22.0
Outbuilding Sqft: 440
Outbuilding Width: 20.0

Property and Assessments

New Construction: No
Year Built: 1925

Age: 90
Planned Unit Development: No

Utilities

Electric Company: IN Municipal Power Agency
Gas Company: NIPSCO

Sewer: City
Water Company: Other
Water Utility: City

Interior and Exterior Features

Exterior Features

Amenities: Basement, Ceiling Fan, Fenced Yard, Off Street Parking, Countertops-Laminate, Detector-Smoke, Eat-In Kitchen, Water Heater Gas
Driveway: Concrete

Exterior: Vinyl
Fence: Chain Link
Outbuilding: 2nd Detached Garage
Platted: Yes
Pool: No
Road Surface: Paved
Roof Material: Asphalt, Shingle

Interior Features

Number of Electric Meters: 3
Number of Gas Meters: 4

Number of Dishwashers: 0
Number of Disposals: 0
Number of Dryers: 0
Number of Microwaves: 0
Number of Ranges/Ovens: 3
Number of Refrigerators: 3
Number of W/D Hookups: 0
Number of Washers: 0
Number Water Meters: 1
Basement Material: Poured Concrete
Basement: Yes
Basement/Foundation: Full Basement, Finished
Cooling: Central Air, Multiple Cooling Units
Flooring: Carpet, Vinyl
Heating/Fuel: Gas, Forced Air, Multiple Heating Systems
Stories: 2
Number of Above Grade Bedrooms: 3
Number of Below Grade Baths: 0
Number of Below Grade Bedrooms: 1
Total Number of Bedrooms: 4
Total Number of Full Baths: 3
Total Number of Half Baths: 0
Total Baths: 3
Number Total Rooms Below Grade: 2
Num Of 1 Bedrooms: 2
Num Of 2 Bedrooms: 1
Num Of 3 Bedrooms: 0
Num Of 4 Bedrooms: 0

Multi Family

Multi-Family Information

Num of Efficiencies: 0
Num of Units Rented: 2

Number of Buildings: 1
Number of Units: 3
Restrictions: No

Income & Expenses Information

Annual Electric Expense: $.00
Annual Fuel Expense: $360.00

Annual Gross Rent $: $17,220
Annual Insurance Expense: $445
Annual Maint. Expense: $0
Annual Misc: $0
Annual Net Income: $13,415
Annual Property Tax: $1,800
Annual Trash Expense: $120
Annual Water/Sewer Exp: $1,080
Gross Monthly Income: $1,435
Gross Monthly Rent: $1,435

Unit Information

Unit 1

Unit 1-Num of Bathrooms: 1
Unit 1-Num of Bedrooms: 1

Unit 1-Num of Rooms: 4
Unit 1-Basement: Yes
Unit 1-Currently Rented: No
Unit 1-Electric: Tenant
Unit 1-Garage Type: Detached
Unit 1-Garage: Yes
Unit 1-Garage/Num of Cars: 1
Unit 1-Gas: Tenant
Unit 1-Level: Main
Unit 1-Rent Frequency: Monthly
Unit 1-Unit Number: A
Unit 1-Unit Rent $: $435

Unit 2

Unit 2-Num of Bathrooms: 1
Unit 2-Num of Bedrooms: 2

Unit 2-Num of Rooms: 5
Unit 2-Basement: No
Unit 2-Currently Rented: Yes
Unit 2-Electric: Tenant
Unit 2-Garage Type: Detached
Unit 2-Garage: Yes
Unit 2-Garage/Num of Cars: 1
Unit 2-Gas: Tenant
Unit 2-Laundry Room: None
Unit 2-Level: Upper
Unit 2-Rent Frequency: Monthly
Unit 2-Unit Number: B
Unit 2-Unit Rent $: $515

Unit 3

Unit 3-Num of Bathrooms: 1
Unit 3-Num of Bedrooms: 1

Unit 3-Num of Rooms: 4
Unit 3-Basement: Yes
Unit 3-Currently Rented: Yes
Unit 3-Electric: Tenant
Unit 3-Garage Type: Attached
Unit 3-Garage: Yes
Unit 3-Garage/Number of Cars: 1
Unit 3-Gas: Tenant
Unit 3-Laundry Room: None
Unit 3-Level: Main
Unit 3-Rent Frequency: Monthly
Unit 3-Unit Number: C
Unit 3-Unit Rent $: $485

Rental

Rental Information

Lease Term: Month to Month
Owner Pays: Building Insurance, Maintenance, Tax, Trash Collection, Water

Tenant Pays: Cooling, Electric, Heating

Property History for 1202 West 7th Street

Date	Event & Source	Price	Appreciation
Oct 21, 2015	Sold Indiana Regional MLS #201437289	$69,900	—
Sep 9, 2015	Pending Indiana Regional MLS #201437289		—
Aug 22, 2014	Listed (Active) Indiana Regional MLS #201437289	$69,900	—
Jun 22, 2005	Sold Indiana Regional MLS #667865	$78,000	—
May 11, 2005	Pending Indiana Regional MLS #667865		—
Feb 7, 2005	Listed (Active) Indiana Regional MLS #667865	$84,900	—

Date	Event & Source	Price
10/21/2015	Sold Indiana Regional MLS #201437289	$69,900
09/09/2015	Pending Indiana Regional MLS #201437289	—
08/22/2014	Listed (Active) Indiana Regional MLS #201437289	$69,900
06/22/2005	Sold Indiana Regional MLS #667865	$78,000
05/11/2005	Pending Indiana Regional MLS #667865	—
02/07/2005	Listed (Active) Indiana Regional MLS #667865	$84,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1202 West 7th Street

Taxable ValueLand$15,100Additions-Total$15,100

Tax Record2024$353 ($29 / month)

Home Facts

Beds0Lot Size4,640 SqFtStyleResidentialCountyST. JOSEPHAPN71-09-16-310-025.000-023

Schools near 1202 West 7th Street

This home is within School City Of Mishawaka.


Rating	School	Type	Grades	Distance
4/10	Lasalle Elementary School	Public - Serves this home	PK to 6	0.3 mi
5/10	John J Young Middle School	Public - Serves this home	7 to 8	1.5 mi
4/10	Mishawaka High School	Public - Serves this home	9 to 12	1.8 mi
NR	Joint Service Campus Program	Public - Nearby school	K to 12	0.2 mi
NR	New Vision Christian Academy	Private - Nearby school	PK to 12	0.7 mi
NR	Mishawaka Catholic School	Private - Nearby school	PK to 8	0.5 mi
NR	St Monica School M	Private - Nearby school	PK to 8	0.9 mi


Rating	School	Distance
4/10	Lasalle Elementary School PublicPK to 6 Serves this home	0.3 mi
5/10	John J Young Middle School Public7 to 8 Serves this home	1.5 mi
4/10	Mishawaka High School Public9 to 12 Serves this home	1.8 mi
NR	Joint Service Campus Program PublicK to 12 Nearby school	0.2 mi
NR	New Vision Christian Academy PrivatePK to 12 Nearby school	0.7 mi
NR	Mishawaka Catholic School PrivatePK to 8 Nearby school	0.5 mi
NR	St Monica School M PrivatePK to 8 Nearby school	0.9 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Hughes Investments, LLC

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

1202 W 7th StMishawaka, IN 46544

Know your buying power with a preapproval and custom rate in minutes

Explore Nearby Homes

Homes in Nearby Mishawaka Neighborhoods

Homes in Nearby Mishawaka Cities

Homes in Nearby Mishawaka Zip Codes

1202 W 7th St
Mishawaka, IN 46544