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2212 S Michigan Street

South Bend, IN 46613
  • $150,000
  • STATUS: Active
  • ON SITE: 26 Days
  • MLS #: 202139515
$150,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,992
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Paging all investors! This is how empires are built! This mixed-use property is located in downtown South Bend and is a rare turn-key opportunity with over $2,300 a month in gross monthly rental income from a store front and three apartment units. Shop has been in operation for almost 20 years! Electric and gas are metered individually. Property has been proudly maintained and updated regularly. Each apartment includes fridge, oven, and water heater. Coin operated laundry in basement. 1-unit currently vacant. Do not let this opportunity slip by! Schedule your showing today!

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© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty. Data last updated: 2021-10-17T00:27:35.323.

www.hillteamllc.com/homes/121591268
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2212 S Michigan Street South Bend, IN 46613

  • Price: $150,000
  • Status: Active
  • MLS #: 202139515
6
Beds
3
Baths
0
½ Baths
0.16
Acres
2,992
SQFT
$50
$/SQFT
1890
Built
Neighborhood:
Bowman(S)
County:
St. Joseph
Area:
St. Joseph
Elementary School:
Lincoln
Middle School:
Marshall
High School:
Riley
School District:
South Bend Community School Corp
Property Description
Paging all investors! This is how empires are built! This mixed-use property is located in downtown South Bend and is a rare turn-key opportunity with over $2,300 a month in gross monthly rental income from a store front and three apartment units. Shop has been in operation for almost 20 years! Electric and gas are metered individually. Property has been proudly maintained and updated regularly. Each apartment includes fridge, oven, and water heater. Coin operated laundry in basement. 1-unit currently vacant. Do not let this opportunity slip by! Schedule your showing today!
Exterior Features

Exterior AsphaltVinyl Fence Chain Link Location City/Town/Suburb Lot Description LevelFlood Plain Lot Dimensions 43'X165' Outbuilding None Parking Street Parking Spaces 4 Pool YN No Roof Material FlatRubber Style Two Story Unit1 Garage Type None Unit2 Garage Type None Unit3 Garage Type None Unit4 Garage Type None Water Access None Water Frontage 10 Water Type Creek Waterfront YN Yes

Interior Features

Above Grade Bedrooms 6 Above Grade Finished Sqft 2992 Above Grade Unfin Sq Ft 0 Amenities BasementFenced YardCeiling-9+Deck Covered Basement Foundation Full BasementUnfinished Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1496 Cooling Central AirWindow Dishwashers 0 Disposals 0 Dryers 1 Flooring CarpetLaminate Heating Fuel Gas Main Level Sq Ft 1496 Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 0 Total Baths 3 Total Below Grade Sqft 1496 Total Sq Ft 4488 Unit1 Basement YN Yes Unit1 Bathrooms 0 Unit1 Bedrooms 0 Unit1 Sq Ft 748 Unit2 Basement YN Yes Unit2 Bathrooms 1 Unit2 Bedrooms 1 Unit2 Sq Ft 748 Unit3 Basement YN No Unit3 Bathrooms 1 Unit3 Bedrooms 2 Unit3 Sq Ft 748 Unit4 Basement YN No Unit4 Bathrooms 1 Unit4 Bedrooms 3 Unit4 Sq Ft 748 Upper Level Sq Ft 1496 Wash Dry Hookups 1 Washers 1

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 27600 Annual Insurance Expense 0 Annual Maint Expense 1620 Annual Misc 0 Annual Net Income 22980 Annual Property Tax 3000 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Assoc Restrictions YN No Buildings 1 Common Amenities Laundry Facilities Cross Street Ewing Ave. Efficiencies 0 Electric Company Aep/I&Amp;M Electric Meters 3 Exemptions No Exemptions Existing Financing None For Sale Or Rent For Sale Four Bedrooms 0 Gas Company Nipsco Gas Meters 3 Government Subsidized YN No Gross Monthly Income 2300 Gross Monthly Rent 2300 Inside City Limits Yes Lease Term 1 YearMonth To Month New Construction No Occup Permit YN Yes One Bedrooms 1 Owner Pays Building InsuranceMaintenanceTax Owner Real Estate License YN No Pet Restrictions YN Yes Planned Unit Dev YN No Property Sub Type Fourplex Proposed Financing CashConventional Reo YN No Sale Includes BuildingLease Sewer City Tenant Pays CoolingElectricFuelHeatingTrash CollectionWater Three Bedrooms 1 Township Portage Two Bedrooms 1 Unit1 Unit Rent 500 Unit2 Unit Rent 500 Unit3 Unit Rent 550 Unit4 Unit Rent 750 Units Rented 3 Water Company South Bend Municipal Util Water Meters 3 Water Utility City Year Taxes Payable 2020 Zoning Description Mixed Use

Listing courtesy of Nick Benninghoff of Cressy & Everett - South Bend.
© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty.


© 2021 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Hill Team | Keller Williams Capital Realty. Data last updated: 2021-10-17T00:27:35.323.

 
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