Duplex in South Bend, IN. $1200 Income. $18k

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Duplex in South Bend, IN. $1200 Income. $18k

Residential Real Estate Broker · South Bend, IN · Member since 2016 · 62 posts · 10 votes

Spacious duplex located on the west side of South Bend.
Rent-able units at $1200 plus. Full of great original wood work. Rehab (total) - $15,000

This 3 bed (upstairs) 2 bed (downstairs) DUPLEX has newer mechanicals (furnace, water heater).
Electric is metered separately, with gas and water on one meter.
These are very easy spaces to rent.

Cosmetic work needed inside: new carpet and fresh paint. Siding could be done and a finish on the second half of the roof.

Located near a revitalized and newly renovated area of south bend. Shopping, restaurants, schools.

Rehab (total) - $15,000
Monthly cash flow - $1200
Owner paid utilities monthly (optional, can have tenant pay) - $75 each
Taxes (yearly) - $290
Insurance (yearly) - $800
ROI -- 23.2% including management and vacancy

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