Riverwalk Commons 1106 20th St 133 Unit Apartment Building For Sale South Bend, IN 46615

XMark Midwest is pleased to bring to market the opportunity to acquire Riverwalk Commons, situated just steps away from IU South Bend’s campus.
Originally constructed in 1957 & 1961, this 66-unit, 133-bed student property has received significant capital improvements, allowing current ownership to take advantage of the growing student population at Indiana University South Bend. Riverwalk Commons features 14 one bed/one bath (632 sf), 37 two bed/two bath (868sf), and 15 three bed/two bath (1,172sf) units.
Over the past 3 years, ownership has completed extensive capital improvements to the property including: elevator replacements, fire system upgrades and replacements, interior and exterior painting, interior unit and CAM flooring replacements, HVAC and mechanical replacements, roof replacements, asphalt, sealcoat, stripe, and dumpster corrals, security system and camera implementation, window replacements, washers, dryers, and keyless entry. Riverwalk Commons boasts a robust assortment of amenities. Situated on 1.18ac, Residents can enjoy the on-site parking, leasing office, outdoor patio, fitness center, theater room, and game room. Moreover, tenants are only steps away from the northside trail of the St. Joseph River, Potawatomi Park, and Mishawaka Ave’s commercial corridor just north of campus.