Furnished Student Housing
For Sale
Contact for pricing
18088 Legacy Village Court, South Bend, IN 46637
Brick townhomes designed for student living, with furnished interiors, abundant parking, and on-site recreation.
Property Size44,800 SF
Price / SF$440.85
Days on Market55
Property Features for 18088 Legacy Village Court
General Information
Standard status
Active
Size
44,800 SF
Class
A
Property subtype
Multifamily
Zoning
Planned Unit Development
Occupancy
100%
Financials
Cap Rate
6.58%
Business Included
Yes
Additional Details
Multifamily Units
14
Building Details
Year Built
2009
Buildings
14
Stories
2
Units
14
Tenancy
Multi
Listing Agency:
Coldwell Banker Commercial Roth Wehrly Graber South Bend
(574) 277-8000
Listed By:
John Piraccini · License #RB14045659
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 11 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Roth Wehrly Graber South Bend
Investment Insights
Based on property information with market context.
Legacy Village is a one-of-a-kind student housing development featuring 14 well-built brick townhomes. Each townhome is configured with 6 bedrooms and 4 bathrooms, and is delivered fully furnished. The property also includes large bedroom layouts with multiple common areas, along with private yard areas for each townhome, a storage shed for maintenance, and an on-site pickleball court.
The development is positioned for off-campus student housing near the University of Notre Dame, with the opportunity to serve Notre Dame students through a secluded community setting. The offering is described as having consistently maintained high occupancy since 2009, along with strong pre-leasing performance for incoming years, supported by stated operating metrics provided in the Confidentiality Non-Disclosure Agreement.
For buyers evaluating student housing as a residential income property, Legacy Village provides a purpose-built, turn-key package of furnished townhomes and operational amenities. The property is reported to have undergone more than $750,000 in upgrades over the past five years, including improvements such as new flooring, appliances, painting, furniture, water heaters, HVAC systems, and updates related to the shed and pickleball court.
The development is positioned for off-campus student housing near the University of Notre Dame, with the opportunity to serve Notre Dame students through a secluded community setting. The offering is described as having consistently maintained high occupancy since 2009, along with strong pre-leasing performance for incoming years, supported by stated operating metrics provided in the Confidentiality Non-Disclosure Agreement.
For buyers evaluating student housing as a residential income property, Legacy Village provides a purpose-built, turn-key package of furnished townhomes and operational amenities. The property is reported to have undergone more than $750,000 in upgrades over the past five years, including improvements such as new flooring, appliances, painting, furniture, water heaters, HVAC systems, and updates related to the shed and pickleball court.
Key Highlights
- Built in 2009: 14 brick townhomes designed for student housing, each with 6 bedrooms and 4 bathrooms
- Includes 3,200 SF across the development and furnished interiors with large bedrooms and multiple common areas
- 100% occupancy every year since 2009 and strong pre‑leasing performance for incoming years
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
476
Businesses Nearby
Explore this area
Business Placement
Demographics for 46637, IN
15,887
Population
8,396
Households
1.9
Avg Household Size
38
Median Age
38%
College-Educated
94%
High-School Grad
10.0 sq mi
ZIP Area
1,589
Density / Sq Mi
$72,401
Median Household Income
$40,841
Median Earnings
$1,167
Median Rent
$192,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Brick townhomes designed for student living, with furnished interiors, abundant parking, and on-site recreation.
Where is this apartment building located?
The property is located at 18088 Legacy Village Court South Bend, IN.
What is the asking price?
The asking price for this property is $19,750,000.
What are key features of this property?
This property features: Built in 2009: 14 brick townhomes designed for student housing, each with 6 bedrooms and 4 bathrooms; Includes 3,200 SF across the development and furnished interiors with large bedrooms and multiple common areas; 100% occupancy every year since 2009 and strong pre‑leasing performance for incoming years
