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406 S 26th Street

South Bend, IN 46615
  • $199,900
  • STATUS: Active
  • ON SITE: 382 Days
  • MLS #: 202114751
UPDATED: 10 min ago
$199,900
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,584
    SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Fully refurbished OB Office Buffer District ranch duplex with professional office space and 2BD, 1 full BR apartment. Sale includes 51'x55' adjacent parking lot. Building is fully leased (two modified gross leases including water/trash, gas, electric) with a 9% cap rate. Excellent corner visibility in moderately high traffic area. 2mi to Downtown and 3mi to Notre Dame. Building renovations include new roof, portico entryway to office, gutters, windows, interior/exterior doors, plumbing, electrical, fixtures, A/C condenser, and premium vinyl plank flooring. Office space is handicap accessible and features two offices, conference room, half bath, and kitchenette. Ethernet and phone line cable installed and ready for hook up. Perfect space for a small business i.e. medical office, law office, insurance/travel agency, consultant/contractor office. Open concept apartment features two bedrooms, one full bath, and large modern kitchen space. Butcher block countertops and cast concrete island top. Shaker cabinets with brand name stainless appliances. Fridge, dishwasher, microwave, range, window treatments, washer/dryer included with sale. Each unit has individual furnace, A/C, and water heater but gas/water/electric is NOT metered separately. Narrow enclosed shared mulch area in back of property for grilling and/or a pet run. Excellent rental income opportunity. Property is broker owned

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© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group. Data last updated: 2022-05-17T12:28:13.76.

www.aimeeness.com/homes/116589820
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406 S 26th Street South Bend, IN 46615

  • Price: $199,900
  • Status: Active
  • On Site: 382 Days
  • Updated: 10 min ago
  • MLS #: 202114751
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1,584
SQFT
$126
$/SQFT
1950
Built
Neighborhood:
None
County:
St. Joseph
Area:
St. Joseph
Property Description
Fully refurbished OB Office Buffer District ranch duplex with professional office space and 2BD, 1 full BR apartment. Sale includes 51'x55' adjacent parking lot. Building is fully leased (two modified gross leases including water/trash, gas, electric) with a 9% cap rate. Excellent corner visibility in moderately high traffic area. 2mi to Downtown and 3mi to Notre Dame. Building renovations include new roof, portico entryway to office, gutters, windows, interior/exterior doors, plumbing, electrical, fixtures, A/C condenser, and premium vinyl plank flooring. Office space is handicap accessible and features two offices, conference room, half bath, and kitchenette. Ethernet and phone line cable installed and ready for hook up. Perfect space for a small business i.e. medical office, law office, insurance/travel agency, consultant/contractor office. Open concept apartment features two bedrooms, one full bath, and large modern kitchen space. Butcher block countertops and cast concrete island top. Shaker cabinets with brand name stainless appliances. Fridge, dishwasher, microwave, range, window treatments, washer/dryer included with sale. Each unit has individual furnace, A/C, and water heater but gas/water/electric is NOT metered separately. Narrow enclosed shared mulch area in back of property for grilling and/or a pet run. Excellent rental income opportunity. Property is broker owned
Exterior Features

Construction Type1 Stick Built Exterior CedarShingleVinyl Fence Chain LinkPartial Fire Doors YN No Lot Dimensions 153' X 61' Parcel Description Corner Parking Off-StreetPaved Parking Type Off StreetPaved Parking YN Yes Road Access City Roof Material Asphalt Security Light YN No Signs YN No Waterfront YN No

Interior Features

Basement Foundation Crawl Basement YN No Bldg1 Above Grd Sq Ft 1584 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 1584 Ceiling Height 94" Column Spacing Not Sure Cooling Central Air Flooring Vinyl Tile Heating Fuel Forced AirGas Interior Height 94" Interior Walls Drywall Internal Rooms KitchenOffice Special Features 220 VoltsHandicap AccessLiving SpaceAlley Total Restrooms 2

Property Features

Annual Taxes 1866.8 Auction YN No Buildings 1 Burglar Alarm YN No Cap Rate 9% Currently Leased YN Yes Documents Available Lbp FormSellers DisclosureZoning Restrictions Electric Company Indiana Michigan Power Enterprise Zone No Equipment YN No Fire Protection City For Sale Or Rent For Sale Gas Company Nipsco Ingress Egress Asphalt Known Underground Storage Tanks YN Yes Lease Available YN No Lease Term Remaining 12 Months New Construction No Owner Real Estate License YN Yes Planned Unit Dev YN No Platted YN Yes Property Sub Type Mixed Use Proposed Financing CashConventionalFhaVa Reo YN No Sale Includes BuildingLand Sewer City Smoke Fire Alarm YN Yes Sprinkler System YN No Tax Abatement No Township Portage Water Company South Bend Municipal Util Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2021

Listing provided by Nick Kaufmann of Diamond Realty & Associates: 574-532-9639.
© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group.


© 2022 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Aimee Ness Realty Group. Data last updated: 2022-05-17T12:28:13.76.

 
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