34 units - $849,000 10.58 CAP Rate
Summit Apartments
608 N Summit Drive
South Bend, IN 46619
34 units - $849,000 10.58 CAP Rate
A very well maintained small apartment community available in a quiet neighborhood in South Bend, IN. This complex is 34 units, consisting of 32 one bedroom units and 2 two bedroom units. Historically a high occupancy and low turnover complex. It is situated adjacent to a primarily owner-occupied neighborhood and surrounded by a church, a library, a middle school and park, and within walking distance of public transportation, a grocery store and a retail shopping center. Management is in place, making for a great turn-key investment for either a local or out of area investor. Nice floor plans in both one and two bedroom units. All electric units keep operating costs down for the owner. On-site coin-op laundry is available for the tenants, along with a covered picnic area. Off-street lighted parking for all five buildings in the complex.
Photos can be viewed via the following Dropbox link:
Interested parties please respond to this ad, or call us direct at 574-315-6527 to speak with Jacob Day about this great deal!