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118 Rhodes St 8 Unit Apartment Building $1,000,000 ($125,000/Unit) South Bend, IN 46637
EXECUTIVE SUMMARY
118 Rhodes St, more commonly known as "Gold Apartments", is an 8-unit multifamily building located just off of IN-933 in Roseland, IN. The property is in close proximity to the University of Notre Dame, Holy Cross College, Saint Mary's College, retail amenities, and downtown South Bend. There are 8 - two bedroom units, each with kitchenette, living room, utility closet, two bedrooms, and two bathrooms. This is an exciting opportunity to acquire a great investment opportunity in the Notre Dame corridor.
•Eight two-bedroom two-bathroom units listed at $1,400 per month
•Nicely finished units and entryway
•Some units come partially furnished
•Ample surface parking available right outside complex
•Proximal location near the University of Notre Dame, St. Mary's, and Holy Cross College
•Excellent location that also offers great access for any tenants that need to commute for work or take advantage of downtown South Bend amenities
•Value Add opportunity -Tenants currently do not pay their own utilities, however, the building is separately metered for electric and could be transitioned to tenant paid utilities
•Eight two-bedroom two-bathroom units listed at $1,400 per month
•Nicely finished units and entryway
•Some units come partially furnished
•Ample surface parking available right outside complex
•Proximal location near the University of Notre Dame, St. Mary's, and Holy Cross College
•Excellent location that also offers great access for any tenants that need to commute for work or take advantage of downtown South Bend amenities
•Value Add opportunity -Tenants currently do not pay their own utilities, however, the building is separately metered for electric and could be transitioned to tenant paid utilities
PROPERTY FACTS
| Price | $1,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| No. Units | 8 | Building Size | 8,418 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2007 |
| Zoning | Residential | ||
| Price | $1,000,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 8,418 SF |
| No. Stories | 2 |
| Year Built | 2007 |
| Zoning | Residential |
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Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 71-03-25-152-005.000-007 | Improvements Assessment | $458,600 |
| Land Assessment | $17,100 | Total Assessment | $475,700 |
PROPERTY TAXES
Parcel Number
71-03-25-152-005.000-007
Land Assessment
$17,100
Improvements Assessment
$458,600
Total Assessment
$475,700
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118 Rhodes St
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