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32755597
32755596

1654 O Brien Street, South Bend, IN 46628

Coldwell Banker Realty
Listed by Coldwell Banker Realty
$540,000
13 days on market
Updated 6 days ago

South Bend 6-unit Rental Portfolio- 5 property package

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,784
Units 6
Cap Rate 9.00%
NOI $57,168
Occupancy 83%
Tenancy Single
Rent Bumps Yes
Pro-Forma Cap Rate 9.50%
Class C
Year Built 1949
Year Renovated 2024,2025
Lot Size (SqFt) 4,791
Zoning Residential
Parking Spaces spaces
Investment Type Stabilized
Sale Condition 1031 exchange

6-unit portfolio / Strong Cash Flow / Value-Add Opportunity in South Bend

Marketing description

Investment Portfolio – 5 Properties Offered as a Package Only | South Bend, IN Serious investors only. This is a turnkey opportunity to acquire a 6-unit rental portfolio: 4 single-family homes and 1 duplex being sold strictly as a bundle. Portfolio Highlights: • Total Current/Pro Forma Gross Monthly Rent: $7,248 • Strong Section 8 / tenant-friendly units with proven demand • Mix of stabilized cash-flowing properties + one vacant unit ready for immediate occupancy • All properties located in South Bend with solid rental histories Individual Properties Included: • 112 E Bowman St – Duple: Unit 1: $959 | Unit 2: $1,162 | Total: $2,121/month • 1230 N Meade St – Single Family (2 bed / 1 bath) Currently rented at $1,050/month • 1514 N Adams St – Single Family (3 bed / 1 bath) Currently rented at $1,375/month • 1654 O’Brien St – Single Family (3 bed / 1 bath) Vacant| Pro forma rent $1,350/month (Section 8 ready) • 2207 Roger St – Single Family (3 bed / 1 bath) Currently rented at $1,352/month Property Snapshot – 1654 O’Brien St (featured unit): This 3-bedroom, 1-bath single-family home (built 1949) sits on a nice-sized lot and offers classic South Bend charm with a tenant-friendly layout. Main level features hardwood floors, two bedrooms, and a full bath. The upper level has a large third bedroom. Basement provides additional storage and potential to finish for added value. Currently vacant and ready for possession. Whether you’re an experienced investor looking to expand your holdings or seeking a well-located portfolio with immediate cash flow, this package delivers strong income potential and long-term appreciation in a proven rental market. Bundle Sale Only – No individual properties will be sold separately. Serious inquiries only. Proof of funds required prior to showings.

Investment highlights

Turnkey 6-Unit Portfolio – 4 single-family homes + 1 duplex sold strictly as a package in South Bend, IN

Strong Cash Flow – Current Gross Monthly Rent: $7,248

Proven Section 8 / Tenant-Friendly Demand – High-occupancy units with strong rental history and immediate tenant pool

Stabilized + Ready-to-Rent Mix – 5 units currently cash-flowing + 1 currently occupied (1654 O’Brien St) fir $1,350.

Attractive Unit Mix

• 112 E Bowman St (Duplex): $2,121/mo total

• 1230 N Meade St (2bd/1ba): $1,050/mo

• 1514 N Adams St (3bd/1ba): $1,375/mo

• 1654 O’Brien St (3bd/1ba): currently occupied with a new tenant $1,350/mo

• 2207 Roger St (3bd/1ba): $1,352/mo

Value-Add Opportunity – Vacant 3bd/1ba home on nice lot with hardwood floors, basement, and upside to finish lower level

South Bend Rental Market – Solid long-term appreciation + consistent demand in a tenant-friendly Midwest market

Bundle Sale Only – No individual sales. Serious investors with proof of funds only.

Listing Contacts

Coldwell Banker Realty
Listed by Coldwell Banker Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$57,168.00
$4,764.00/mo

Valuation Metrics

0
DSCR
10.59%
Cap Rate
10.59%
ROI

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Additional Information

Name
Robert Ruschak
License
RB16000929
Brokerage
Coldwell Banker Realty
Title
Broker of Record
Brokerage Address
833 W. Lincoln Hwy Suite 340, Schererville, IN 46375
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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