625 E 4th St Mishawaka, IN 46544
Estimated Value: $164,000 - $219,000
4
Beds
2.5
Baths
1,780
Sq Ft
$103/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- Forced Air Heating System
- 3-minute walk to Bingham Park
- Corner Lot
About This Home
As of July 2020Awesome Fully Occupied 3 Unit Mishawaka Investment Site! This property offers an investor 3 incomes! 2 residential and 1 commercial unit. Currently the upstairs residential unit is occupied with long term tenant at $450/mo. The downstairs unit is rented at $850/mo. Owner pays utilities for the 2 residential units. The commercial unit has a brand new roof and is rented at $400/mo to a pet groomer and this unit pays their own utilities. That's $1700/mo gross income! Land Contract Terms Might be Available for Right Buyer w a Significant Down Payment
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1880
Lot Details
- 5,663 Sq Ft Lot
- Lot Dimensions are 58x100
- Corner Lot
- Level Lot
Home Design
- Duplex
- Traditional Architecture
- Brick Foundation
- Shingle Roof
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
Partially Finished Basement
- Block Basement Construction
- Laundry in Basement
Parking
- 2 Parking Spaces
- Off-Street Parking
Location
- Suburban Location
Schools
- Beiger Elementary School
- John Young Middle School
- Mishawaka High School
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for electric, fuel, trash collection, water
- Assessor Parcel Number 71-09-15-160-016.000-023
Community Details
Overview
- 2 Buildings
- 3 Units
Building Details
- Electric Expense $1,800
- Fuel Expense $1,600
- Insurance Expense $1,200
- Maintenance Expense $500
- Water Sewer Expense $1,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 29, 2024
Sold by
Rm Income Trust and Title Manager Llc
Bought by
Dwyer David
Total Days on Market
81
Current Estimated Value
Purchase Details
Closed on
Feb 25, 2021
Sold by
Michiana Rental Properties Llc
Bought by
Rm Income Trust
Purchase Details
Closed on
Mar 6, 2020
Sold by
Schmidt James E and Schmidt Julie C
Bought by
Michiana Rental Properties Llc
Similar Home in Mishawaka, IN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dwyer David | -- | None Listed On Document | |
| Rm Income Trust | $78,664 | Fidelity National Title | |
| Michiana Rental Properties Llc | -- | Near North Title Group |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2020 07/07/20 | Sold | $78,000 | -2.3% | $44 / Sq Ft |
| 05/16/2020 05/16/20 | Pending | -- | -- | -- |
| 03/23/2020 03/23/20 | Price Changed | $79,800 | -0.1% | $45 / Sq Ft |
| 02/25/2020 02/25/20 | For Sale | $79,900 | -- | $45 / Sq Ft |
Source: Indiana Regional MLS
Tax History Compared to Growth
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 | $2,721 | $136,200 | $27,500 | $108,700 |
| 2023 | $2,721 | $115,600 | $27,500 | $88,100 |
| 2022 | $2,719 | $115,600 | $27,500 | $88,100 |
| 2021 | $2,231 | $94,300 | $13,400 | $80,900 |
| 2020 | $2,053 | $86,500 | $12,500 | $74,000 |
| 2019 | $1,979 | $83,000 | $12,000 | $71,000 |
| 2018 | $1,873 | $62,900 | $9,900 | $53,000 |
| 2017 | $1,988 | $61,900 | $9,900 | $52,000 |
| 2016 | $1,903 | $62,000 | $9,900 | $52,100 |
| 2014 | $1,692 | $61,200 | $9,900 | $51,300 |
Source: Public Records
Agents Affiliated with this Home
-
Brad Beer
Seller's Agent in 2020
Brad Beer
Heart City Realty LLC
(574) 875-5149
300 Total Sales
Map
Source: Indiana Regional MLS
MLS Number: 202006855
APN: 71-09-15-160-016.000-023
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