514 Studebaker St South Bend, IN 46628 Assigned

  • $78900
  • 4 beds
  • 2 baths
  • 1792 sqft

DUPLEX. Lots of work has been completed on the left and right sides of the
property. The current owners have had issues with their contractors and thus put
this project on the side.

ARV: approx. $125,000-$135000

Electricity is on and working.
Ceiling work is needed on the left side.
Paint and drywall work has been extensively done throughout the home, but
there are rooms that still need paint and drywall work to be completed.
Exterior is in good condition.
Needs flooring throughout.
Roof replaced not long ago.
Plumbing needs work. .
Property is 8-8.5% cap rate at market rent, considering $25000-$30000 in
repairs

 

Photos link:
https://www.dropbox.com/sh/fyvexpoymew5556/AAB4awhhSciZ2Kz1FtaOy
Znja?dl=0

 

Rentometer Report:
https://www.rentometer.com/analysis/2-bed/514-studebaker-street-south-bend-in46628/9IY0Ng-Sgrg/quickview

 

Comparables:
4bd… 2ba… 1,736 sq ft
808 W Lasalle Ave, South Bend, IN 46601
Sold: $153,700. Sold on 02/26/21
https://www.zillow.com/homedetails/808-W-Lasalle-Ave-South-Bend-IN-46601/2087735
242_zpid/
3 bd… 2ba…1,968 sqft
403 Cottage Grove Ave, South Bend, IN 46616
Sold: $114,900. Sold on 10/25/19Zestimate®: $141,300
https://www.zillow.com/homedetails/403-Cottage-Grove-Ave-South-Bend-IN-46616/770
20488_zpid/
4 bd2 ba1,968 sqft
525 Cottage Grove Ave, South Bend, IN 46616
Sold: $123,000Sold on 09/11/20Zestimate®: $159,900
https://www.zillow.com/homedetails/525-Cottage-Grove-Ave-South-Bend-IN-46616/945
61811_zpid/
5 bd2 ba1,600 sqft
617 Cushing St, South Bend, IN 46616
Sold: $138,000Sold on 05/07/21Zestimate®: $156,500
https://www.zillow.com/homedetails/617-Cushing-St-South-Bend-IN-46616/94561800_z
pid/
4 bd2 ba1,740 sqft
730 Cottage Grove Ave, South Bend, IN 46616
Sold: $134,500Sold on 01/04/21Zestimate®: $166,400
https://www.zillow.com/homedetails/730-Cottage-Grove-Ave-South-Bend-IN-46616/770
20875_zpid/

Price:
$78900
Address:
514 Studebaker St South Bend, IN 46628
Square Feet:
1792
Bedrooms:
4
Bathrooms:
2
Terms:
Assignment of Contract
Property Type:
Duplex
Basement:
894 sqft

Call (833) 457 -1476 for more details

Property Location