Riverwalk Commons
Direct Proximity to IUSB | 12% YOY Increase Leasing Velocity | High Occupancy & Growing Populous
Marketing description
Multifamily - 66 Units | 133 Beds - Unbeatable Location
Originally constructed in 1957 & 1961, this 66-unit, 133-bed student property has received
significant capital improvements, allowing current ownership to take advantage of the
growing student population at Indiana University South Bend. Riverwalk Commons
features (14) 1bd/1bth (632 sf), (37) 2bd/2bth (868sf), and (15) 3bd/2bth (1,172sf) units.
Recent CapEx Items- elevator replacements, fire system upgrades and replacements, interior and exterior painting, interior unit and CAM flooring replacements, HVAC and mechanical replacements, roof replacements, asphalt, sealcoat, stripe, and dumpster corrals, security system and camera implementation, window replacements, washers, dryers, and keyless entry.
Investment highlights
- Extensive Capital Improvements Throughout Entire Property
- Direct Proximity to IU South Bend’s Campus
- Steps Away From Local Parks, Trails, and Commercial Designations
- Robust Assortment of Amenities
- High Occupancy (100% Historic) and Growing Student Populous
- YOY Increase In Leasing Velocity (12 Pts)
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
