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Property profile & analytics
OFF-MARKET
Residential income homes

424 Frances St South Bend, IN 46617

1,650 SF Built 1990
Property ID
US31-1544109
Property summary
AI-generated overview

This exceptional 5-bedroom, 1,650 square foot townhome, built in 1990, presents a lucrative investment opportunity in South Bend, Indiana's vibrant Eddy Square. Located in the heart of off-campus Notre Dame living, near Eddy Street Commons, East Bank, and Howard Park, this property benefits from its prime location and proximity to local eateries and attractions. Currently part of a newly renovated and refurbished townhome community, this unit boasts an open floor plan, an upgraded gourmet kitchen with stylish fixtures, quartz countertops, natural wood open shelving, and a full stainless steel appliance package. High-quality LVP flooring flows throughout, complemented by custom trim, premium tile, and accent walls. Residents enjoy the convenience of in-unit laundry and off-street private parking. The asking price is $424,900. Move-in dates are available from September 2023 onwards. This property is categorized as an apartment building, single-family rental portfolio, and student housing, making it an ideal investment for diverse rental strategies. The property is situated at 424 N Frances St, Lot 27, South Bend, IN 46617. Lot reservations are available to secure a unit while finalizing the contract. This is a maintenance-free investment with strong rental potential.

Property profile
Verified
Property type Residential income homes
Year built 1990
Total area 1,650 SF
UPID US31-1544109
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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