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34437193
34436666

529 South 2nd Street, Elkhart, IN 46516 For Sale

CS
IN RB18001323
RE/MAX 100
Listed by RE/MAX 100
$650,000
1 day on market
Updated 1 day ago
Opportunity zone

529 S Second Street

Details
Property Type Mixed Use, Special Purpose
Sub Type Bed & Breakfast
Square Footage 5,222
Year Built 1902
Buildings 1
Stories 2
Acreage 0.310
Zoning Mixed Use
Parking Spaces 15 spaces
Parking per 1,000 SqFt 2.87
Ground Lease No
Ownership Fee Simple
Sale Condition N/A

Gorgeous HIstorical Mansion is a Money Maker!

Marketing description

Enjoy simple elegance in this show-stopping turn of the century home. Behold beautiful hardwood floors throughout, and classic fixtures and features around every corner. The wood burning fireplace in the diningroom provides a cozy atmosphere for after-dinner conversation, and the coffee alcove located at the first tier of the grand staircase is the perfect place for morning coffee. The peacocks in the peacock room were hand painted in a previous renovation and this room makes a magnificent study, office, or livingroom. Currently used as a local event center and Bed & Breakfast, the possibilities for this home are limitless, as it's zoned for mixed use. All of the heavy lifting has been done, and the updates include new furnace and AC, repair of the slate roof, renovated master bathroom (now with steam shower) as well as 2 added en-suite bathrooms upstairs. Special care has been taken to provide finishes that pay homage to the classic aesthetic of this historical home. Updated plumbing includes replacement of former cast iron pipes and an in-line tankless water heater. The electric has also been updated, a main level laundry room added, and structural integrity improved as areas of damage were removed, replaced and and lovingly restored back to the orginial finish. ADA compliant rear entrance allows for public accessibility. There is a 15 spot parking lot behind the building as well as parking on the street, and a public parking area.

Investment highlights

Income generated is approximately $50,000 annually at a leisurely pace. Used for airbnb Notre Dame Game rentals, bridal showers, boutique weddings, Mother's Day Tea, Christmas Bazaars, and can be used as a residence as well.

Listing Contacts

CS
IN RB18001323
RE/MAX 100
Listed by RE/MAX 100

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Additional Information

Name
Carrie Smith
License
RB18001323
Brokerage
RE/MAX 100
Brokerage Phone
5743336977
Title
Real Estate Broker
Brokerage Address
3010 North Hickory Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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