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On Market

1654 O Brien St

South Bend, IN 46628, USA

List price

$515,000

5+ unit multi-family

Photographs

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Story

South Bend has quietly become one of the Midwest's premier cash-flow havens, fueled by a robust local economy and a surging rental market that keeps vacancy rates incredibly low. This fully stabilized, 100% occupied 6-unit portfolio taps directly into this demand, pulling in $7,248 in gross monthly revenue from day one. Offered at an incredibly low $85,833 per door ($515,000 purchase price), the package boasts an exceptional 11.1% Cap Rate based on a solid $57,168 NOI. It is a rare, turnkey opportunity to instantly capture double-digit yields and scale in a highly profitable, high-demand market with local management already primed to transition with the buyer.

Property details

9 details the seller has shared

9 fields

Property

· The bones — what the buyer sees first

Units

6

Property type

5+ unit multi-family

Occupancy

Tenant-occupied

Neighborhood

South bend

County

St Joseph County

Financials

· What it earns and what it costs to hold

Cap rate

11.1%

Monthly cash flow

$7,248 /mo

History & terms

· Past sales, updates, and deal mechanics

Reason for sale

Tired of being a landlord

Earnest deposit

6000

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