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5011 Birchwood Ln

10 Unit Apartment Building $1,385,000 ($138,500/Unit) 8.05% Cap Rate South Bend, IN 46637

Executive Summary

Presenting a rare, fully renovated 10-unit multifamily property in South Bend, Indiana and just 10 minutes from the University of Notre Dame. This turnkey asset is ideally positioned in a growing market with strong tenant demand and economy.
INVESTMENT HIGHLIGHTS:
Low Maintenance & Capital Expenditures: All major improvements were completed in 2024,
ensuring minimal maintenance and no significant capital expenditures for years to come.
Individually Metered Units: Each unit is separately metered for water, electric, gas and trash thus fully relieving the landlord of all utility expenses.
Benefits of the HOA: Insurance, snow removal and landscaping is all included in the HOA fees. New ownership also has the flexibility to sell units individually and control the HOA (10 out of 12 units owned). A 3-bed recently sold for $175k and a 2-bed recently sold for $150k.
Premium In-Unit Amenities: Each unit includes high-end kitchen and bathroom packages, new
LVP flooring, in-unit washer and dryers, dishwashers, and a private garage, enhancing tenant
appeal and convenience.
Neighborhood Growth: Two new single-family homes on the same street are nearing completion, further contributing to the area’s appeal and value.
Prime Location: Situated in a thriving area with numerous nearby amenities and just a 10 minute
drive from Notre Dame, this property is well-positioned for sustained rental demand and long-term appreciation.

Data Room Click Here to Access

Property Facts

Price $1,385,000
Price Per Unit $138,500
Sale Type Investment
Cap Rate 8.05%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.36 AC
Building Size 13,000 SF
Average Occupancy 100%
No. Stories 2
Year Built 2024
Parking Ratio 0.77/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 5 - 970
3+1.5 5 - 1,380 - 1,625
  • Listing ID: 34243536

  • Date on Market: 12/19/2024

  • Last Updated:

  • Address: 5011 Birchwood Ln, South Bend, IN 46637

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