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2206 S Michigan Street

South Bend, IN 46613
  • $250,000
  • STATUS: Active
  • ON SITE: 61 Days
  • MLS #: 202142240
UPDATED: 47 min ago
$250,000
  • 9
    BEDS
  • 0.16
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 6,984
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Value Add Opportunity just minutes from Downtown South Bend! This features a 8-Unit(1 Bed 1 Bath each) and a Single Family adjacent to the building.? Landlord pays utilities on 8 unit but tenant pays on the single family.? Currently 77% Occupied(6 of 8 unit occupied and SF is occupied) Pulling in around $4,300 per month in rent.? Average Monthly Utilities are around $760.? These building have plenty of upside, just waiting on the right owner! Also Available to be purchased as a package with 1432 Portage ave(8 unit) and 532 N Scott St(4 unit) for a different price.

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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 Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T10:28:07.43.

www.natashahernandez.com/homes/122169528
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2206 S Michigan Street South Bend, IN 46613

  • Price: $250,000
  • Status: Active
  • On Site: 61 Days
  • Updated: 47 min ago
  • MLS #: 202142240
9
Beds
9
Baths
0
½ Baths
0.16
Acres
6,984
SQFT
$36
$/SQFT
1900
Built
Neighborhood:
Bowman(S)
County:
St. Joseph
Area:
St. Joseph
Elementary School:
Monroe
Middle School:
Jackson
High School:
Riley
School District:
South Bend Community School Corp
Property Description
Value Add Opportunity just minutes from Downtown South Bend! This features a 8-Unit(1 Bed 1 Bath each) and a Single Family adjacent to the building.? Landlord pays utilities on 8 unit but tenant pays on the single family.? Currently 77% Occupied(6 of 8 unit occupied and SF is occupied) Pulling in around $4,300 per month in rent.? Average Monthly Utilities are around $760.? These building have plenty of upside, just waiting on the right owner! Also Available to be purchased as a package with 1432 Portage ave(8 unit) and 532 N Scott St(4 unit) for a different price.
Exterior Features

Exterior BrickVinylWood Lot Description CornerLevel Lot Dimensions 85X165 Outbuilding None Parking Spaces 9 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 9 Above Grade Finished Sqft 6984 Above Grade Unfin Sq Ft 0 Amenities Countertops-Laminate Basement Foundation None Basement YN No Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 0 Cooling None Dishwashers 0 Disposals 0 Dryers 0 Flooring CarpetMixedVinylWood Heating Fuel GasHot Water Microwaves 0 Ranges Ovens 7 Refrigerators 7 Rooms Below Grade 0 Total Baths 9 Total Below Grade Sqft 0 Total Sq Ft 6984 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 3530 Annual Fuel Expense 2250 Annual Gross Rent 51600 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 40545 Annual Property Tax 1939 Annual Trash Expense 0 Annual Water Sewer Exp 3336 Assessed Value 80800 Assoc Dues Frequency Not Applicable Efficiencies 0 Electric Meters 2 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 5 Gross Monthly Income 4300 Gross Monthly Rent 4300 Lease Term Month To Month New Construction No One Bedrooms 9 Owner Pays Building InsuranceElectricFuelHeatingLawn MaintenanceMaintenanceParkingSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN Yes Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Apartment Building Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays None Three Bedrooms 0 Township Portage Two Bedrooms 0 Unit1 Unit Rent 600 Unit2 Unit Rent 550 Unit3 Unit Rent 600 Unit4 Unit Rent 600 Units Rented 7 Water Meters 2 Water Utility City Year Taxes Payable 2020

Listing courtesy of Tyler Glenn of Tiffany Group Real Estate Advisors Llc.
© 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 Natasha Hernandez Team | Keller Williams.


© 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 Natasha Hernandez Team | Keller Williams. Data last updated: 2021-12-08T10:28:07.43.

 
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The Natasha Hernandez Team | Keller Williams
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Goshen IN, 46562