18011 Cleveland Rd
South Bend, IN 46637

Castle Point is a distinctive 740-unit property located at 18011 Cleveland Road in South Bend, Indiana. Built in three phases between 1974 and 1980, the property sits on almost 50 acres and consists of an exceptionally large clubhouse / amenity center and thirty-one two-story residential buildings and a maintenance shop. Due to its size, proximity to University of Notre Dame, and its many amenities, the community is an apartment landmark in South Bend. All roofs were replaced in 2014. The current owner has spent $4,000,000 on renovations and upgrades to the community. 131 units have been renovated with new cabinets, appliances, counter tops, flooring, plumbing and light fixtures. These renovated units lease for an average premium of $100+ per month (varying by unit style). In addition to renovating units, the exterior of the property was repainted, the clubhouse was remodeled, interior hallways were upgraded, exterior doors were replaced, landscaping upgrades were completed and more. Castle Point still offers a significant value add opportunity through the interior unit upgrade on the 600+ non-renovated units. Castle Point offers one and two bedroom units in a total of eight different floor plans. Units are extremely spacious, ranging in size from 768 square foot one bedroom units to 1,340 square foot two bedroom units. Average unit size is 935 square feet. All units have large, open kitchens with exposed architectural ceiling beams. 174 two bedroom units feature vaulted ceilings and an additional loft area accessed by spiral staircase. 54 one bedroom units offer a “turret” style bedroom with rounded walls. This turret unit type is very popular with residents. Units feature patios or balconies, full kitchen appliance package, kitchen pantries, and large closets. The amenity package at Castle Point is unique and extensive. These amenities include the recently renovated clubhouse / resident center which offers an indoor basketball court, indoor tennis court, multiple meeting and recreation rooms, a fitness center and sauna, game room with billiards, foosball, air hockey and ping pong tables and tanning facility. Outdoor amenities include a pool with sundeck, playground, basketball court, and sand volleyball court. Laundry facilities are located in each building (a few in units) and carports are available at an additional charge. The property is just 1.8 miles northeast of the Notre Dame campus. Notre Dame is a catholic university with over 12,000 students. The university is one of the best-known and most-respected universities in America. At one time, many years ago, Notre Dame Students made up approximately 50% of Castle Point’s population. The current owner has not specifically targeted students, but that demographic still occupies an estimated 15% of the community’s units (students from Notre Dame, IUSB, Ivy Tech and Ancilla College).