18088-18140 Legacy Village Ct
South Bend, IN 46637 North Side

A one-of-a-kind investment opportunity in one of the most desirable and reputable student housing off-campus developments offered near the University of Notre Dame (the 12th ranked University in the country by College Consensus and America's Best Large Employer by Forbes). Boasting some of the strongest favorability amongst Notre Dame students with its secluded community atmosphere while also enjoying incredible proximity to campus. Many prominent Notre Dame staff and alumni have resided here including generations of alumni families. Legacy Village has a strong track record of 100% occupancy every year since 2009 and exceptional pre-leasing success for incoming years. Averaging around 5.8% base rent growth from 2020-2027 and a current 6.58% CAP Rate, Legacy Village has recently been approved for the ability to expand from 84 to 98 students starting the 2026-2027 school year. The development in entirety includes 14 well-built brick townhomes consisting of 6 bedrooms and 4 bathrooms each spread across 3,200 SF. The townhomes come fully furnished with large bedrooms and multiple common areas. The development also includes an abundant amount of surface parking, a pickleball court for students, private yard areas for each townhome, and a storage shed for maintenance. The current owners have done a superb job of maintaining the townhomes, spending over $750,000 in upgrades over the past 5 years that include new flooring, appliances, painting, furniture, water heaters, HVAC systems, shed, and pickleball court. A complete breakdown of financials and townhome details are available upon the signing of a Confidentiality Non-Disclosure Agreement.