2508 East Mishawaka Avenue

South Bend, IN 46615

$154,900
Price
8
Beds
3
Baths
2,082 Sq. Ft.
$74 / Sq. Ft.
2,082
Sq. Ft.
$74
per Sq. Ft.

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...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.
  1. Listed by Gene Risner • At Home Realty Group

Property Details for 2508 East Mishawaka Avenue

Style
Two Story
Subdivision
Berner Grove
Waterfront
No
Pet Restrictions
No

Location

Listing Courtesy of At Home Realty Group
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LISTING UPDATED: 05/02/2024 11:49 AM

Property Details for 2508 East Mishawaka Avenue

StatusPending
MLS #202408742
Days on Market47
Taxes$1,230 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Sevenplex
Year Built1920
Lot Size0.13 AC / 5,676 SF
CountySt. Joseph County

Location

Listing Courtesy of At Home Realty Group
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Building Information for 2508 East Mishawaka Avenue

Stories2Residences7Year Built1920Building Size-Lot Size0.13 AC / 5,676 SF

Payment Calculator

$948 per month

30 year fixed, 7.25% Interest

Principal and Interest

$845

Property Taxes

$103

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2508 East Mishawaka Avenue

Summary
Location and General Information
  • Area: St. Joseph County
  • City: South Bend
  • Zip + 4: 2252
  • Zip Code: 46615
  • State: IN
  • Township: Portage
  • Geo Latitude: 42
  • Geo Longitude: -86
  • Fips Code: 18141
  • Directions To Property: Logan to Mishawaka Ave
Taxes and HOA
  • Assessed Value $: $49,800.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 71-09-17-104-002.000-026
School Information
  • School District: South Bend Community School Corp.
  • Elementary: Nuner
  • Middle School: Jefferson
  • High School: Adams
Parking
  • Number Of Parking Spaces: 0
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Sevenplex
  • Approx Lot Size Acres: 0.13
  • Lot Dimensions: 43X132
  • Lot Number: 0
  • Below Grade Unfin Sqft: 0.0
  • Total Square Feet: 2082.0
  • Approx Lot Size Sqft: 5676.0
  • Above Grade Finished Sqft: 1728.0
  • Below Grade Finished Sqft: 354.0
  • Total Below Grade Sqft: 354.0
  • Total Finished Sqft: 2082.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Irregular
Property and Assessments
  • New Construction: No
  • Year Built: 1920
  • Age: 104
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Other-See Remarks
  • Exterior: Aluminum
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 0
  • Number of Refrigerators: 0
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Basement: Yes
  • Basement/Foundation: Full Basement
  • Cooling: None
  • Flooring: Carpet
  • Heating/Fuel: Gas
  • Stories: 2
  • Number of Above Grade Bedrooms: 6
  • Number of Below Grade Baths: 1
  • Number of Below Grade Bedrooms: 2
  • Total Number of Bedrooms: 8
  • Total Number of Full Baths: 3
  • Total Number of Half Baths: 0
  • Total Baths: 3
  • Number Total Rooms Below Grade: 3
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 4
  • Num of Units Rented: 4
  • Number of Units: 7
Income & Expenses Information
  • Annual Electric Expense: $.00
  • Annual Fuel Expense: $.00
  • Annual Gross Rent $: $0
  • Annual Insurance Expense: $0
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $-1,230
  • Annual Property Tax: $1,230
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $0
  • Gross Monthly Income: $0
  • Gross Monthly Rent: $0
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: None
  • Tenant Pays: Other

Property History for 2508 East Mishawaka Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2508 East Mishawaka Avenue

Taxable ValueLand$7,400Additions$42,400Total$49,800
Tax Record2023$1,252 ($104 / month)
Home Facts
Beds2Baths2Total Finished SqFt1,728 SqFtAbove Grade Finished SqFt1,728 SqFtStories2Lot Size5,676 SqFtStyleSingle Family ResidenceYear Built1900CountyST. JOSEPHAPN71-09-17-104-002.000-026

Schools near 2508 East Mishawaka Avenue

This home is within South Bend Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 12
Rating
School
Distance
Nuner Fine Arts Academy
PublicK to 5

Jefferson Traditional School
Public6 to 8

Adams High School
Public9 to 12

Eggleston Center
PublicPK to 12

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.

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Listing Courtesy of At Home Realty Group

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.