Investment Overview

Marcus & Millichap is pleased to exclusively present the River Shore Apartments in South Bend, IN. River Shore has an attractive unit mix of 4 one-bedroom, and 44 two-bedroom units with some units have a view overlooking the Saint Joseph River. 39 of the 48 units have been renovated, achieving a 25% premium to the non-renovated units. Owner recently replaced two roofs on the apartment buildings, All new HVAC 4 years ago, and replaced new pumps in the lift station. The only known outstanding capital item is replacing the roofs on two of the apartment buildings and roofs on the four carport buildings. The Seller has already received quotes to complete this work, and for an offer at or close to List Price, is willing to credit the Buyer for the entire quoted cost. River Shore, located on the Saint Joseph River, is approximately 1 mile from Indiana University South Bend & Bethel College and 2.5 miles from Notre Dame University. River Shore is also within 500 feet of Indiana State Road.933, which is one of the main thoroughfares that connects South Bend & Mishawaka, IN.