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2508 Mishawaka Ave, South Bend, IN, 46615

$154,900

Home List Price

$1,839*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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2508 Mishawaka Ave, South Bend$154,900

Buyer Closing Credits

$1,839*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1920
HeatingNatural Gas
CoolingNone
MLS #202408742
Lot Size0.13 Acres
StatusActive

About 2508 Mishawaka Ave

This property offers a total of 6 income-producing units along with an office or storage space, providing a robust cash flow of over $2,000 per month. The unit mix includes 4 studio units, with 3 currently rented, and two 1-bedroom units, all of which are fully rented out. Income Potential: With a strong rental history and long-term tenants, this property presents a stable income stream for investors. Convenient Location: Situated in a convenient location, the property offers easy access to amenities and transportation, enhancing its appeal to tenants. Low Vacancy Rates: The current occupancy rate indicates high tenant satisfaction and suggests low turnover, reducing the risk of income loss. Investment Opportunity: This property represents an excellent investment opportunity for those seeking stable rental income. With a solid cash flow and a mix of unit types, it provides diversification and income stability.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Stories: 2

Listing Office:

  • Office Name: At Home Realty Group
  • Listing Agent: Gene Risner

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Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Logan to Mishawaka Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $154,900

Tax Information:

  • Annual Amount: $871
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in South Bend, IN.

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South Bend, IN

City

Med. List Price

$185.9K

Med. Price/SqFt

$129

Avg. Days On Market

48

# of Sold Homes

59

2508 Mishawaka Ave vs South Bend

42 DAYS ON ROCKET

-6 Days

$154,900

-$31K Less

KEY TAKEAWAY

This property is $31K less than the Median List Price in South Bend, IN.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Number: #202408742

Listing Office:

  • Office Name: At Home Realty Group
  • Listing Agent: Gene Risner

IDX The data on this website relating to real estate for sale comes in part from the Internet Data Exchange (IDX) program of the Indiana Regional MLS (IRMLS). IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. ©2011-2024 Indiana Regional MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 11:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$871$40,400
2019$972$40,300
2018$1,037$40,700
2017$1,058$39,900

History based on county public records data.

Payment Calculator

$841

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$531

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2705885
1
/10

  • Nuner Primary Center

  • 2716 Pleasant St

  • 0.27 miles

  • Public District Grades PK-4

school-card-donut-2705886
2
/10

  • Lasalle Elementary School

  • 1511 Milburn Blvd

  • 0.99 miles

  • Public District Grades KG-6

school-card-donut-2705887
2
/10

  • McKinley Primary Center

  • 228 N Greenlawn Ave

  • 1.04 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,542. The majority of South Bend, IN residents have income between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Indiana›Saint Joseph County›South Bend›46615›2508 Mishawaka Ave

This home is located at 2508 Mishawaka Ave in South Bend, IN and zip code 46615 in the River Park neighborhood. This home was built in 1920. It has been listed on Rocket Homes since March 17, 2024 and is currently priced at $154,900.

Between February 2024 and March 2024, South Bend, IN real estate market has seen increase in the number of listings by 97.4%. While the average time on the market in March 2024 was 48 days, the median list price was $185,900.

From Rocket Homes Real Estate and based on county public records data.

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