Updated almost 10 years ago on . Most recent reply
$45,000 - Great Investment Property In Great Neighborhood! - 11.1% ROI
We have a great property for sale on the South-side of South Bend. Family-friendly, safe neighborhood, and conveniently located to good schools and shopping centers! This property is a 2 Bed / 1 Bath with a partially finished basement. Current tenants are using the basement as an extra room. It has a detached garage and a nice sized back yard. The current tenants are moving out within the next 10 days.
198** Detroit Ave, South Bend, IN 46614
Total Monthly Income - $800
Yearly Income (Based on 1 month vacancy) - $8,800
Yearly Taxes - $1,445.08
Yearly Insurance - $600
Yearly Management/Maintenance Fees - $1,760
Yearly NOI - $4,994.92
ROI/Cash On Cash - 11.09%
The last two digits of the addresses have been removed so that the tenants can continue to enjoy the right for peaceful and safe living. If you are serious about this package and can prove that you are a legitimate buyer, then the rest will be given to you during your due diligence period. We provide in-house property management and rehab services to our buyers, if needed. Serious inquiries only. Email for more information.