317-756-9894
1106 20th St, South Bend, IN for Sale
Apartments - FOR SALE
1/8
null | 6.07% Cap Rate

1106 20th St
South Bend, IN 46615
River Park


HIGHLIGHTS

  • Extensive Capital Improvements Throughout Entire Property
  • Direct Proximity to IU South Bend’s Campus
  • Steps Away From Local Parks, Trails, and Commercial Designations
  • Robust Assortment of Amenities
  • High Occupancy and Growing Student Populous

OVERVIEW

XMark Midwest is pleased to bring to market the opportunity to acquire Riverwalk Commons, situated just steps away from IU South Bend’s campus. Originally constructed in 1957 & 1961, this 66-unit, 133-bed student property has received significant capital improvements, allowing current ownership to take advantage of the growing student population at Indiana University South Bend. Riverwalk Commons features 14 one bed/one bath (632 sf), 37 two bed/two bath (868sf), and 15 three bed/ two bath (1,172sf) units. Over the past 3 years, ownership has completed extensive capital improvements to the property including: elevator replacements, fire system upgrades and replacements, interior and exterior painting, interior unit and CAM flooring replacements, HVAC and mechanical replacements, roof replacements, asphalt, sealcoat, stripe, and dumpster corrals, security system and camera implementation, window replacements, washers, dryers, and keyless entry. Riverwalk Commons boasts a robust assortment of amenities. Situated on 1.18ac, Residents can enjoy the on-site parking, leasing office, outdoor patio, fitness center, theater room, and game room. Moreover, tenants are only steps away from the northside trail of the St. Joseph River, Potawatomi Park, and Mishawaka Ave’s commercial corridor just north of campus.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

66

CAP RATE

6.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverwalk Commons

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1960

PARKING SPACES

84

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

C

APN/PARCEL ID

71-09-18-229-007.000-026,71-09-18-229-008.000-026,71-09-18-229-009.000-026

ASK ABOUT THIS PROPERTY

Carter PiperXMark MidwestMore Info
317-756-9894

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Carter PiperXMark MidwestMore Info
317-756-9894

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.