Historic Nashville Apartments Multi-Family FOR SALE


South Bend, IN - West Washington
$2,300,000 USD
312-327-5455
, South Bend, IN for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/6
null | 7.72% Cap Rate

Historic Nashville Apartments
South Bend, IN
West Washington


HIGHLIGHTS

  • Immediate Cashflow with Upside
  • Strong Location in Downtown South Bend
  • Within a mile: Memorial Hospital Expansion, Diamond View APTs, Notre Dame Tech Hub, Madison Lifestyle District, AWS Data Center, GM/Samsung EV Plant

OVERVIEW

Marcus & Millichap is excited to present the Historic Nashville Apartments, a prime investment opportunity featuring 5 buildings and 25 units in downtown South Bend, Indiana. Located just 3 blocks from Main Street, on the border of downtown and the West Washington historic district, this property is within close proximity to key development projects totaling about $450 Million. These projects include the South Bend Memorial Hospital expansion (1 mile), the South Bend Cubs Stadium and Diamond View Apartments development (half a mile), the upcoming Madison Lifestyle District (half a mile), and the Notre Dame Tribune Building redevelopment project (quarter mile). With recent rent increases, modern interior updates, and established operational efficiencies, Historic Nashville offers a remarkable turnkey investment opportunity with further growth potential for the next owner. The portfolio, consisting of homes originally built in the late 1800s and early 1900s, includes 8 studio units, 13 one-bedroom units, 3 two-bedroom/one-bath units, and 1 two-bedroom/two-bath unit. With exterior renovations to boost curb appeal and ongoing rent growth, a new investor can acquire a cash-flowing asset on nearly an acre of land, offering significant potential for further upside. In addition, there is the opportunity to acquire the Nashville Flats, a 29 Unit apartment complex across the street to create 54 units of scale.

ASK ABOUT THIS PROPERTY

Kyle StengleMarcus & MillichapMore Info
312-327-5455

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Kyle StengleMarcus & MillichapMore Info
312-327-5455

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