Savvy Investment Opportunity - 12.7% ROI - Class B Neighborhood

713 N Main St, Mishawaka, IN 46545

$125,000 After Repair Value -
$60,000 Asking Price -
$20,000 Cost of Repairs =
$45,000 Potential Profit

Property Details

Asking Price $60,000

After Repair Value $125,000

Costs of Repairs $20,000

Potential Profit $45,000

Living Area 900 ft2

Property Type Commercial Property

Bedrooms 1

Bathrooms 1

Half Bathrooms N/A

Parking 1

Listed with Agent No

Property Description

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.

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