The Square | 4317 Southview Ln
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The Square 4317 Southview Ln
102 Unit Apartment Building For Sale South Bend, IN 46619
INVESTMENT HIGHLIGHTS
- Low Basis Opportunity - 6% In Place Cap Rate and $100K Per Unit
- Limited Nearby Competition
- Potential to Elevate the Amenities
- Extensively Renovated: $5.4M Spent ($53K Per Unit)
- Ability to Raise Rents Immediately
- Located in Thriving South Bend, IN - Avg. Rent Growth of 6.5% Over the Last 5 Years
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 5.12 AC |
| No. Units | 102 | Building Size | 79,730 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 1966/2021 |
| Building Class | C | Parking Ratio | 2.51/1,000 SF |
| Sale Type | Investment |
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 5.12 AC |
| Building Size | 79,730 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1966/2021 |
| Parking Ratio | 2.51/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Disposal
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Property Manager on Site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 17 | - | 690 |
| 2+1 | 85 | - | 800 |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 71-08-09-302-006.000-026 | Improvements Assessment | $2,086,300 |
| Land Assessment | $106,100 | Total Assessment | $2,192,400 |
PROPERTY TAXES
Parcel Number
71-08-09-302-006.000-026
Land Assessment
$106,100
Improvements Assessment
$2,086,300
Total Assessment
$2,192,400
ZONING
| Zoning Code | MF1 |
| MF1 |
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The Square | 4317 Southview Ln
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