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Investment Opportunity 1,507 SF 1 story (plus a 266 SF basement) on a lot measuring 33x99. This two-unit apartment rental property is in a good Mishawaka neighborhood. The property features a first floor apartment consisting of approximately 715 SF (two bedroom/one bath) and 2nd floor apartment is approximately 572 SF (one bedroom/one bath). Each apartment is furnished with stove and refrigerator, hardwood and vinyl flooring. Built in 1907 the property has had upgrades over the years. Zoned R-1 residential. This property could support market rents of $500 to $700 per unit per month (rent included utilities). Annual Taxes $1150.82 2013 pay 2014. The property has an assessed value of $41,000 the list price is based on the potential income stream. There is a second rental property available at 613 West 3rd Street , Mishawaka consisting of 1,506 SF 1 story 2 unit (listed separately at $67,500).
Investment Opportunity Unoccupied 1,506 SF 1 story (plus 557 SF basement) with 24x14 detached garage on a lot measuring 50x142. This 2 unit apartment rental property First floor apartment is approximately 949 SF two bedroom/one bath and 2nd floor apartment is approximately 557 SF one bedroom/one bath. Each apartment is furnished with stove and refrigerator. Built in 1897 the property has had upgrades over the years. Zoned R-1 residential. This property would support market rents of $500 to $700 per unit per month (rent included utilities). The property is assessed at $45,700 the list price is based on potential income stream. Annual Taxes $1282.72 2013 pay 2014. There is a second rental property available at 723 East Lawrence, Mishawaka consisting of 1,507 SF 1 story 2 unit (listed separately at $69,000).
Investment Offering 100% Occupancy - 4 Unit 2 story Apartment building consisting of 3,969 SF with 1 Studio at $375 and 1 bedroom apartment at $375 per two 2-bedroom apartments leased at $550 and $653 per month. Onsite parking in the back and additional street parking. Recent updates include new vinyl windows with drop down for ease of cleaning, Balcony has new carpets, units have new floors, kitchens and bathrooms. The building is served by a boiler system that heats all four units and window air conditioning units. The property is zoned R-1 in the City of Mishawaka. Rental rates include gas, water and sewer. Tenant pays electricity. Annual Taxes $2687.74 2011 pay 2012. Additional information available upon submission of a confidentiality agreement.