Welcome to an unparalleled opportunity to own a newly renovated, large 5 bedroom home that is currently rented by-the-room; perfect for Notre Dame students, Airbnb, and boarding house offerings.
This cash-flowing gem can be offered as a bundle with its counterpart property, located just a few houses away at the corner E South St (also 225k). Why buy one when you can have TWO? Secure your bundle today!
Quick Property Overview:
- Size: 2,958 sqft
- 5 bedrooms, 2 bathrooms
- Year Built: 1900
- Lot Size: 2,750 sqft
- High-Ticket Items: Roof (3yr old), Major mechanical items (1-2yr old)
- Rehab: None needed
Location Highlights:
- Unbeatable location in central downtown South Bend
- 5 minute walk / 0.2 miles to South Bend Public Transit Center
- 15 minute walk / 0.7 miles to downtown South Bend
Financial Overview:
-Buyer can keep the existing property management in place
-Currently nets $600-1,500 per month each with the potential to net $3,000+ per month.
-Owners aren't hungry for the cash, so they don't property management hard to have every bedroom filled all the time.
-Perfect for college students, Airbnb, and boarding house offerings on a rent by-the-week, biweekly or monthly structure
Title/Escrow/Closing:
- COE on or before 4/5/2024 at Meridian Title Corporation
- Buyer to do all their due diligence & inspections prior to signing contract & 5k non refundable EMD
- Buyer pays all closing costs
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