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Off market
  • $329,500

    315 W 3rd St, Mishawaka, IN 46544

    9beds
    4,484sqft
    MultiFamily
    Built in 1912
    -- sqft lot
    $329,500 Zestimate®
    $73/sqft
    $1,156 Estimated rent

    Home value

    $329,500

    $273,000 - $392,000

    $1,156/mo

    Zestimate® history
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    $2,043/mo

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    What's special

    9 units tolay remodeled  new appliances luxury vinyl plank  • Are you looking for real passive income? • Are you looking to multiply your returns in real estate? • For less than the price of many Single Family Homes, you can have 9 income-producing units! PRICED TO MOVE QUICKLY: $375.000 7 percent cap rate Don’t miss out! This multifamily property offers multiple money-generating strategies: ? SELLER FINANCED, NO BANK NEEDED! ? Pro Forma Cap Rate 21% ? Cash on cash return 30% ? 5 year annual ROI 56.1% per year ? Stable Property in hot rental area ? COMPLETELY RENOVATED ? Priced to MOVE ? Great Community ? READY FOR TENANTS ? Great unit mix of 1, 2, and 3 bedrooms ? Perfect small apartment starter ? Priced below market ? Even more possible value plays! This is an off-market deal. For IMMEDIATE DELIVERY of the Property Package: Option 1: Text your name & email to 574-325-5008 and a packet will be emailed within 10 minutes Option 2: Dial the voice box at 574-325-5008 and speak ONLY your name & email – a packet will be emailed within 10 minutes

    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: 9
    • Bathrooms: 11
    • Full bathrooms: 9
    • 1/2 bathrooms: 2
    • Main level bathrooms: 5
    Heating
    • Forced air, Other, Gas
    Cooling
    • None
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Laminate Counters
    • Flooring: Tile, Laminate, Linoleum / Vinyl
    • Basement: None
    • Has fireplace: No
    • Common walls with other units/homes: No One Above
    Interior area
    • Total interior livable area: 4,484 sqft
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 4
    Features
    • Exterior features: Vinyl
    • Has view: Yes
    • View description: City
    Lot
    • Size: 2,970 sqft
    • Topography: Level
    Details
    • Parcel number: 710916261003000023

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Two Story, Converted House
    Materials
    • Frame
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • Year built: 1912

    Utilities & green energy

    • Gas: Gas
    • Sewer: Public Sewer
    • Water: City

    Community & neighborhood

    Location
    • Region: Mishawaka

    Other

    Other facts
    • Sewer: Public Sewer
    • Flooring: Carpet, Laminate
    • Heating: Forced Air, Natural Gas
    • Roof: Rubber, Asphalt, Flat
    • Topography: Level
    • ArchitecturalStyle: Two Story, Converted House
    • HeatingYN: true
    • RoomsTotal: 14
    • FireplacesTotal: 3
    • ConstructionMaterials: Aluminum Siding
    • NumberOfUnitsTotal: 5
    • CurrentFinancing: Conventional, Cash
    • LeaseTerm: Month To Month
    • MainLevelBathrooms: 5
    • NumberOfBuildings: 2
    • NumberOfUnitsLeased: 5
    • FarmLandAreaUnits: Square Feet
    • FoundationDetails: Stone, Brick/Mortar
    • MaintenanceExpense: 0
    • OpenParkingYN: true
    • CommonWalls: No One Above
    • OwnerPays: Association Fees
    • CommunityFeatures: Sidewalks, City/Town/Suburb
    • ParkingFeatures: On Street
    • InteriorFeatures: Laminate Counters
    • BelowGradeFinishedArea: 0
    • RoadSurfaceType: Asphalt
    • Gas: Gas
    • WaterSource: City
    • InsuranceExpense: 1702
    • ElectricExpense: 3807.36
    • FuelExpense: 2448.36
    • TrashExpense: 517.56
    • GrossIncome: 3241
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    9/18/2019Listing removed$84,900$19/sqft
    Source: Cressy & Everett- Elkhart #201928137 Report a problem
    7/3/2019Listed for sale$84,900-2.3%$19/sqft
    Source: Cressy & Everett- Elkhart #201928137 Report a problem
    1/1/2019Listing removed$86,900$19/sqft
    Source: Cressy & Everett- Elkhart #201819718 Report a problem
    5/14/2018Listed for sale$86,900-3.3%$19/sqft
    Source: Cressy & Everett- Elkhart #201819718 Report a problem
    11/29/2017Listing removed$89,900$20/sqft
    Source: Cressy & Everett- Elkhart #201723811 Report a problem
    7/11/2017Price change$89,900-4.4%$20/sqft
    Source: Cressy & Everett- Elkhart #201723811 Report a problem
    5/30/2017Listed for sale$94,000-47.7%$21/sqft
    Source: Cressy & Everett- Elkhart #201723811 Report a problem
    10/16/2016Listing removed$179,700$40/sqft
    Source: USRealty.com, LLP #201616005 Report a problem
    3/25/2016Price change$179,700-12.2%$40/sqft
    Source: Owner Report a problem
    3/3/2016Price change$204,700+57.9%$46/sqft
    Source: Owner Report a problem
    1/19/2016Listed for sale$129,600$29/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,713 +58.8%$340,300 +114.3%
    2024$2,338 -2.9%$158,800 +59.4%
    2023$2,407 +6.7%$99,600 -2.9%
    2022$2,257 -10.2%$102,600 +7.2%
    2021$2,512 +130.5%$95,700 -9.9%
    2020$1,090 -17.2%$106,200 +144.1%
    2019$1,315 -4.3%$43,500 +5.6%
    2018$1,374 -40.4%$41,200 -69.5%
    2017$2,304 +136.5%$134,900 +79.2%
    2016$975 +7.9%$75,300 +125.4%
    2014$903 -3.7%$33,400
    2013$937 -27.1%$33,400 -26.4%
    2012$1,286 +14.2%$45,400 +18.8%
    2011$1,126 -13.2%$38,200 -12.6%
    2010$1,298 -24.2%$43,700 -26.3%
    2009$1,711 $59,300

    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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