$67,000 "ALL-IN" - Savvy Investment Opportunity - 12.7% ROI

[Jason Richardson]

713 N Main St, Mishawaka, IN 46545

Savvy Real Estate Investment Opportunity

Follow the trend attracting residential investors worldwide to the opportunities available in revitalized Northern Indiana communities.

4 Units Total - 1 Storefront/Commercial Space, 3 Apartment Units (over 3400 square ft. 600 of which is commercial).

This location is composed of 4 units total, with one of those units being a storefront/commercial space which can adapt to a wide variety of businesses. The three remaining units are all apartments of varying sizes. Two of those units are currently rented to long-term tenants, adding to cash flow. This property is about a block from the new River Rock Complex, which will feature high-end residential, boutique retail and commercial development. The building is in a great location on Main St, near major high-end redevelopment happening in the downtown Mishawaka area. It has been well maintained by the owners for many years, including newer roof and mechanicals.

713 N Main St, Mishawaka, IN 46545

B Class Neighborhood

Walking Distance To:

• River Walk
• New Residential
• Retail
• Shopping
• Parks
• Good Schools

Our Price - $60,000

Monthly Income - $1,975

Yearly Income (includes 1 mo vacancy) - $21,725

Yearly NOI - $8,524

Yearly Taxes - $7,355

Yearly Management/Maintenance - $4,346

Annual Insurance - $1,500

Estimated Rehab Cost - $7,000

All-In Cost - $67,000

ROI/Cash on Cash – 12.7%

Professional management and rehab services are available. Serious cash buyer inquiries only please. Please visit our website (link in signature) to see additional photos. Email, text or call for more information. 

Apartment Building, Residential Rental Property, Investment Property, Real Estate Investment, Passive Cash Flow Opportunity, Commercial Real Estate