118 Rhodes St - Apartments FOR SALE


South Bend, IN 46637- North Side
$1,000,000 USD
574-237-6000
118 Rhodes St, South Bend, IN for Sale
$1,000,000 USD
Apartments - FOR SALE
1/8
null | 6.8% Cap Rate

118 Rhodes St
South Bend, IN 46637
North Side


HIGHLIGHTS

  • Eight two-bedroom two-bathroom units with a rent of $1,400 per month which is a market rent for the area
  • Nicely finished common area and residential units
  • Some units come partially furnished
  • Private dedicated surface parking lot
  • Proximal location near the University of Notre Dame, St. Mary's, and Holy Cross College
  • Excellent location that also offers great access for any tenants that need to commute for work or take advantage of downtown South Bend amenities

OVERVIEW

118 Rhodes St, more commonly known as "Gold Apartments", is an 8-unit multifamily building located just off of IN-933 in Roseland, IN. The property is in close proximity to the University of Notre Dame, Holy Cross College, Saint Mary's College, retail amenities, and downtown South Bend. There are 8 - two bedroom units, each with kitchenette, living room, utility closet, two bedrooms, and two bathrooms. This is an exciting opportunity to acquire a great investment opportunity in the Notre Dame corridor.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$119 USD /SF

# OF UNITS

8

PRICE/UNIT

$125,000

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

Residential

APN/PARCEL ID

71-03-25-152-005.000-007

ASK ABOUT THIS PROPERTY

Dan SkodrasBradley CompanyMore Info
574-237-6000

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Dan SkodrasBradley CompanyMore Info
574-237-6000

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