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Off market
  • $218,700

    201 S Smith St, Mishawaka, IN 46544

    4beds
    1,961sqft
    MultiFamily
    Built in 1916
    -- sqft lot
    $218,700 Zestimate®
    $112/sqft
    $1,362 Estimated rent

    Home value

    $218,700

    $197,000 - $241,000

    $1,362/mo

    Zestimate® history
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    Owner options

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    $1,362/mo

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    $1,362/mo

    Rent Zestimate®

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    $1,430/mo

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    $1,430/mo

    Est. payment

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    What's special

    Updated Triplex with Cash Flow! Great investment opportunity in Mishawaka. This building has been beautifully updated and is ready for its new owner to start raking in the cash. This building consists of 2 One bedroom units and 1 Two bedroom unit. It is individually metered for electric so tenants pay their own electric bill. This building is attractive and features many updates. The roof and vinyl siding are newer, new exterior doors have been installed and two of the units have been completely turned and updated. Even with managment fees included this building cash flows well and has a cap rate at almost 11%.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 4
    Heating
    • Other
    Cooling
    • None
    Features
    • Laminate Counters, Basement
    • Flooring: Carpet, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 1,961 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 3
    Features
    • Exterior features: Vinyl
    Lot
    • Size: 6,599 sqft
    • Features: Corner Lot, 0-2.9999
    Details
    • Parcel number: 710916159013000023

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: One and Half Story
    Materials
    • masonry
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1916

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City

    Community & neighborhood

    Location
    • Region: Mishawaka

    Other

    Other facts
    • Sewer: Public Sewer
    • Flooring: Carpet, Vinyl
    • Roof: Shingle
    • HeatingYN: true
    • NumberOfUnitsTotal: 3
    • LeaseTerm: 12 Months
    • OwnerPays: Sewer, Insurance, Water, Taxes, Snow Removal, Common Area Maintenance, Maintenance, Heating
    • ConstructionMaterials: Vinyl Siding
    • CurrentFinancing: Conventional, Cash
    • LotFeatures: Corner Lot, 0-2.9999
    • GrossIncome: 1900
    • Heating: Hot Water
    • NumberOfBuildings: 1
    • MainLevelBathrooms: 4
    • NumberOfUnitsLeased: 3
    • FarmLandAreaUnits: Square Feet
    • FoundationDetails: Brick/Mortar
    • TrashExpense: 0
    • MaintenanceExpense: 250
    • TenantPays: Electricity
    • InteriorFeatures: Laminate Counters, Basement
    • BelowGradeFinishedArea: 0
    • WaterSource: City
    • ArchitecturalStyle: One and Half Story
    • InsuranceExpense: 976
    • FuelExpense: 1900
    • MlsStatus: Pending
    • ElectricExpense: 239

    Price history

    DateEventPrice
    6/15/2020Sold$125,750-5.5%$64/sqft
    Source: Agent Provided Report a problem
    5/29/2020Pending sale$133,000$68/sqft
    Source: RE/MAX Oak Crest - Elkhart #202005520 Report a problem
    5/29/2020Listed for sale$133,000+3.5%$68/sqft
    Source: RE/MAX Oak Crest - Elkhart #202005520 Report a problem
    2/24/2020Listing removed$128,500$66/sqft
    Source: RE/MAX Oak Crest - Elkhart #202005520 Report a problem
    2/14/2020Listed for sale$128,500$66/sqft
    Source: RE/MAX Oak Crest - Elkhart #202005520 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,886 +18.9%$186,000 +11.9%
    2024$3,268 +0.1%$166,200 +19.4%
    2023$3,265 +41.7%$139,200
    2022$2,304 -2.5%$139,200 +42.5%
    2021$2,363 +178.1%$97,700 -2.2%
    2020$850 -60.8%$99,900 +32.8%
    2019$2,167 -3.3%$75,200 +6.1%
    2018$2,242 +36.7%$70,900 -19.3%
    2017$1,640 +10.1%$87,900 +64%
    2016$1,490 +3.4%$53,600 +0.6%
    2014$1,441 -3.7%$53,300
    2013$1,496 -40.1%$53,300 -39.6%
    2012$2,499 +8.8%$88,200 +13.2%
    2011$2,296 -13.3%$77,900 -12.7%
    2010$2,649 +2.9%$89,200
    2009$2,573 $89,200 +2.1%
    2007-- $87,400
    2006$3,075 +241.7%$87,400 -20.1%
    2003$900 $109,390 +1392.4%
    2001-- $7,330

    Find assessor info on the county website

    Neighborhood: 46544

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lasalle
    • Middle: John Young
    • High: Mishawaka
    • District: School City of Mishawaka

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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