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OFF-MARKET
Commercial real estate

423-425 10Th St Mishawaka, IN 46544

Property ID
Property summary
AI-generated overview

This attractive Mishawaka duplex, located at 423-425 W 10th St, presents a compelling investment opportunity. Priced at $239,900, this property offers two mirrored units, each featuring two spacious bedrooms and a small room suitable for an office or child's room. Both units are situated upstairs, with a full bathroom conveniently located on the main level. Each unit includes its own laundry facilities and a separate basement, providing ample storage space. The building boasts a newly painted exterior, a large front porch, and a detached two-car garage. A majority of the windows have been updated, with replacement windows included in the sale for the remaining older ones. Separate utility meters for each unit ensure efficient management and maximize rental income potential. One unit is currently occupied, generating immediate cash flow, while the other is vacant and freshly painted, ready for immediate occupancy. This property is situated in St. Joseph County, Indiana, with the zip code 46544. The convenient location and desirable features make this duplex an excellent choice for investors seeking strong returns. The mirrored layout of the units simplifies management and maintenance, further enhancing its appeal. Don't miss this chance to acquire a well-maintained, income-producing property in a thriving Mishawaka neighborhood.

Property profile
Verified
Property type Commercial real estate
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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