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3530 Northside Blvd, South Bend, IN, 46615

River Shore Apartments

$5,500,000

Key Information

Cap Rate
6.74%
Proforma Cap
8.26%
$ per SF
$131
Tot. SF
41,900
Lot Size
2.12 Acres
Units
48
Year Built
1969
Type
Apartments
Occupancy
92%
NOI
$370,495

Highlights

• New Roofs Throughout: All building roofs have been fully replaced.
• Upgraded Carports: All carport roofs have been replaced, with select structures completely rebuilt.
• New Electrical Systems: Electrical systems have been fully replaced throughout all units and buildings.
• Extensive Unit Renovations: 30 of 48 units have been renovated, with additional value-add potential across the remaining 18 units.
• New Windows Throughout: All units feature newly installed windows.
• Updated Major Systems: All water heaters, A/C units, and furnaces have been replaced within the past four years.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203