NOT LISTED FOR SALE

Estimated Value: $138,705 - $173,000

6 Beds
2 Baths
2,116 Sq Ft
$71/Sq Ft Est. Value

Last Sold February 16, 2023

Last sale price $140,000 $66 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $951/month

6 Days on Market

Highlights

  • 0.25 Acre Lot
  • Laundry in Utility Room
  • Level Lot
  • 1 Car Detached Garage
  • Forced Air Heating System
  • Carpet

About This Home

As of February 2023

Turn-Key Investment Property! Completely Renovated Duplex with tenants & a steady income flow of $2,000 monthly already in place! Beautifully re-done duplex. Home has 2, 3 Bedroom, 1 Bathroom apartments. Each tenant pays $1,000 plus all utilities. New roof in 2020, new furnace on one side in 2020, new flooring, carpet, bathrooms, tubs, vanities, toilets, lighting, electrical, plumbing 2020/2021. Siding 2022. Apt #1 had additional updating done 5/22 that included new flooring, carpet, paint, etc. Home sits on a large lot with a 2 car detached garage. Attic space and 2 car garage are currently not part of the space available to tenants and could be potential for more rental space or storage. Home is being sold with active tenant leases in place. 24 Hour minimum notice will be required for all showings.

Last Agent to Sell the Property

Brenda Alvarez

Legacy Real Estate Brokers Listed on: 01/11/2023

Last Buyer's Agent

Alicia Olejnik

McKinnies Realty, LLC

McKinnies Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,090

Year Built

  • Built in 1890

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 66 x 165
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Brick Foundation
  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Laundry in Utility Room

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Michigan Basement
  • Block Basement Construction

Location

  • Suburban Location

Schools

  • Lincoln Elementary School
  • Jackson Middle School
  • Riley High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for cable, electric, heating, trash collection, water
  • Assessor Parcel Number 71-08-13-326-017.000-026

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Maintenance Expense $500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,090

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Duplex
  • Year Built: 1890
  • Age: 133
  • Style: Two Story
  • Bedrooms: 6
  • Number Above Grade Bedrooms: 6
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Legal Description: Lot 78 Bowmans Place Add
  • Parcel Number ID: 71-08-13-326-017.000-026
  • Platted: Yes
  • Amenities: Basement
  • Location: City/Town/Suburb
  • Sp Lp Percent: 87.55
  • Monthly Gross Income: 2000
  • Year Taxes Payable: 2021
  • Special Features: None

Interior Features

  • Total Sq Ft: 2381
  • Total Finished Sq Ft: 2116
  • Above Grade Finished Sq Ft: 2116
  • Below Grade Sq Ft: 265
  • Price Per Sq Ft: 66.16
  • Basement: Yes
  • Basement Foundation: Michigan Basement
  • Basement Material: Block, Brick, Poured Concrete
  • Flooring: Carpet, Laminate
  • Total Below Grade Sq Ft: 265
  • Number Of Ranges Ovens: 2

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 2

Utilities

  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: AEP/I&M
  • Gas Company: NIPSCO
  • Water Company: South Bend Municipal Util
  • Annual Maintenance Expense: 500
  • Number Electric Meters: 2
  • Number Gas Meters: 2
  • Number Of W D Hookups: 2
  • Number Water Meters: 2

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Lincoln
  • Middle School: Jackson
  • High School: Riley
  • Elementary School: Lincoln

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 66 X 165
  • Estimated Lot Sq Ft: 10890
  • Estimated Lot Size Acres: 0.25

Rental Info

  • Lease Term: 1 Year
  • Tenant Pays: Cable, Electric, Heating, Trash Collection, Water

Multi Family

  • Gross Monthly Rent: 2000
  • Number Of Dryers: 1
  • Number Of Refrigerators: 2
  • Number Of Units: 2
  • Number Of Washers: 1
  • Number Of 3 Bedrooms: 2
  • Num Of Units Rented: 2

Tax Info

  • Annual Property Tax: 2089.84

MLS Schools

  • High School: Riley
  • Middle School: Jackson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2023
Closed on
Feb 17, 2023
Sold by
Robinson Timothy Alonzo
Bought by
Doogan Family Trust
Seller's Agent
Brenda Alvarez
Legacy Real Estate Brokers
Buyer's Agent
Alicia Olejnik
McKinnies Realty, LLC
List Price
$159,900
Sold Price
$140,000
Premium/Discount to List
-$19,900
-12.45%
Views
131
Current Estimated Value
$151,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,176
Avg. Annual Appreciation
2.93%
Original Mortgage
$112,000
Outstanding Balance
$62,264
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$88,300

Purchase Details

Closed on
Jan 4, 2021
Sold by
Tyan & Zoey Inv Llc
Bought by
Robinson Timothy Alonzo

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 29, 2020
Sold by
Rei Company 37 Llc
Bought by
Tyan & Zoey Investments Llc
Seller's Agent
Kirsten Mayhew
Nest Properties NWI LLC
Buyer's Agent
Non-Member Agent
Non-Member MLS Office
List Price
$12,500
Sold Price
$12,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.37%

Purchase Details

Closed on
Dec 18, 2019
Sold by
Rei Co 31 Llc
Bought by
Rei Co 37 Llc

Purchase Details

Closed on
Mar 4, 2019
Sold by
Asset Recovery Of St Joseph
Bought by
Rei Co 31 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 3, 2019
Sold by
25362 M 60 Llc
Bought by
Asset Recovery Of St Joseph C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2018
Sold by
Noal Nickell
Bought by
Land Trust Llc

Purchase Details

Closed on
Mar 9, 2018
Sold by
Nickell Noal
Bought by
Land Trust

Purchase Details

Closed on
Mar 6, 2018
Sold by
Nickell Noal
Bought by
Land Trt Llc

Purchase Details

Closed on
Feb 22, 2018
Sold by
Nickell Noah N
Bought by
25362 M 60 Llc

Purchase Details

Closed on
Jan 19, 2018
Sold by
25362 M60 Llc
Bought by
St Joseph County Llc

Purchase Details

Closed on
Jul 20, 2017
Sold by
Noah N Nickell
Bought by
25362 M 60 Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Doogan Family Trust $140,000 Metropolitan Title
Robinson Timothy Alonzo -- None Available
Tyan & Zoey Investments Llc -- New Title Company Name
Rei Co 37 Llc -- Fidelity National Title
Rei Co 31 Llc -- Fidelity National Title
Asset Recovery Of St Joseph C -- Fidelity National Title
Land Trust Llc -- None Listed On Document
Land Trust -- None Listed On Document
Land Trt Llc -- --
25362 M 60 Llc -- None Available
St Joseph County Llc -- --
25362 M 60 Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doogan Family Trust $112,000
Previous Owner Asset Recovery Of St Joseph C $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2023 02/16/23 Sold $140,000 -12.4% $66 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $159,900 +1179.2% $76 / Sq Ft
07/30/2020 07/30/20 Sold $12,500 0.0% $6 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $12,500 -- $6 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,521 $83,400 $3,600 $79,800
2023 $1,460 $84,500 $3,600 $80,900
2022 $1,460 $84,500 $3,600 $80,900
2021 $689 $54,600 $4,200 $50,400
2020 $2,090 $85,300 $4,200 $81,100
2019 $1,827 $85,100 $4,000 $81,100
2018 $2,114 $85,100 $4,000 $81,100
2017 $2,150 $84,400 $4,000 $80,400
2016 $2,194 $84,400 $4,000 $80,400
2014 $936 $35,800 $4,000 $31,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202300870

Indiana Regional MLS

APN: 71-08-13-326-017.000-026