NOT LISTED FOR SALE

1308 Mishawaka Ave South Bend, IN 46615

10 Beds
10 Baths
6,048 Sq Ft
0.33 Acres

Last Sold December 18, 2020

Last sale price $420,000 $69 Per Sq Ft

46 Days on Market

Highlights

  • Wood Flooring
  • Hot Water Heating System
  • Level Lot
  • Adams High School Rated A-

About This Home

As of December 2020

Great investment opportunity! This eye-catching apartment building is a rare find. Excellent location between the IUSB campus and the Farmer's market. It is being offered at a 10% cap rate including management fees. This 10 unit building has six 1 bedroom units and four studio apartments. There is coin operated laundry machines available for tenant use. Two additional parcels located behind the building go along with the sale.

Last Agent to Sell the Property

Joshua Schirr

McKinnies Realty, LLC Elkhart Listed on: 07/31/2020

McKinnies Realty, LLC Elkhart

Last Buyer's Agent

Drew Niedbala

Creekstone Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,557

Year Built

  • Built in 1950

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 118 x 120
  • Level Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Partially Finished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Off-Street Parking

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for heating, sewer, tax, trash collection, water
  • Assessor Parcel Number 71-09-18-126-001.000-026

Community Details

Overview

  • 10 Units

Pet Policy

  • Pet Restriction

Building Details

  • Electric Expense $1,795
  • Fuel Expense $2,902
  • Insurance Expense $2,296
  • Maintenance Expense $1,200
  • Trash Expense $1,000
  • Water Sewer Expense $2,904

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,557

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Apartment Building
  • Year Built: 1950
  • Age: 70
  • Style: Bi-Level
  • Bedrooms: 10
  • Number Above Grade Bedrooms: 10
  • Total Bathrooms: 10
  • Total Full Bathrooms: 10
  • Legal Description: 118.5'X120' On Mishawaka Ave Nw Sec 18-37-3e
  • Parcel Number ID: 71-09-18-126-001.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking
  • Parcel Id2: 01-86-01-503-250.1-
  • Sp Lp Percent: 93.54
  • Annual Miscellaneous: 7332
  • Monthly Gross Income: 6110
  • Special Features: None

Interior Features

  • Total Sq Ft: 7248
  • Total Finished Sq Ft: 6048
  • Above Grade Finished Sq Ft: 6048
  • Below Grade Sq Ft: 1200
  • Price Per Sq Ft: 69.44
  • Basement: Yes
  • Basement Foundation: Partial Basement
  • Basement Material: Block
  • Flooring: Wood
  • Total Below Grade Sq Ft: 1200
  • Number Of Ranges Ovens: 10
  • Number Ttl Rooms Below Grade: 1

Exterior Features

  • Exterior: Brick
  • Stories: 2

Garage/Parking

  • Number Of Parking Spaces: 10

Utilities

  • Heating Fuel: Hot Water
  • Sewer: City
  • Water Utilities: City
  • Annual Electric: 1794.9
  • Annual Fuel Expense: 2902.24
  • Annual Insurance Expense: 2296
  • Annual Maintenance Expense: 1200
  • Annual Trash Expense: 1000
  • Annual Water Sewer Expense: 2903.89
  • Number Of W D Hookups: 1

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Nuner
  • Middle School: Jefferson
  • High School: Adams

Lot Info

  • Lot Description: Level, 0-2.9999
  • Lot Dimensions: 118 x 120
  • Estimated Lot Sq Ft: 14279
  • Estimated Lot Size Acres: 0.3278

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Heating, Sewer, Tax, Trash Collection, Water
  • Tenant Pays: Electric

Tax Info

  • Total Assessed Value: 148800
  • Annual Property Tax: 3557

Multi Family

  • Gross Monthly Rent: 6110
  • Number Of Dryers: 1
  • Number Of Refrigerators: 10
  • Number Of Units: 10
  • Number Of Washers: 1
  • Num Of1 Bedrooms: 6
  • Num Of Efficiencies: 4
  • Num Of Units Rented: 10

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $420,000 -6.5% $69 / Sq Ft
09/15/2020 09/15/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $449,000 -- $74 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joshua Schirr

    Seller's Agent in 2020

    Joshua Schirr

    McKinnies Realty, LLC Elkhart

    (574) 606-7771

    101 Total Sales

    Section Image
  • Drew Niedbala

    Buyer's Agent in 2020

    Drew Niedbala

    Creekstone Realty

    (574) 360-9583

    44 Total Sales

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Map

Source: Indiana Regional MLS

MLS Number: 202029722

Indiana Regional MLS

Indiana St Joseph County South Bend 46615

1308 Mishawaka Ave, South Bend, IN

This home is located at 1308 Mishawaka Ave, South Bend, IN 46615 since 31 July 2020. This property was built in 1950. 1308 Mishawaka Ave is a home located in St. Joseph County with nearby schools including Nuner Fine Arts Academy, Jefferson Intermediate Traditional School, and Adams High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for 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 not guaranteed.

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