Investment Overview

Marcus & Millichap is excited to present the Historic Nashville Apartments, a prime investment opportunity featuring five buildings and 25 units in downtown South Bend, Indiana. Located just three blocks from Main Street, on the border of downtown and the West Washington historic district, this property is within close proximity to key development projects totaling about $450 Million. These projects include the South Bend Memorial Hospital expansion (one mile), the South Bend Cubs Stadium and Diamond View Apartments development (half a mile), the upcoming Madison Lifestyle District (half a mile), and the Notre Dame Tribune Building redevelopment project (quarter mile). With recent rent increases, modern interior updates, and established operational efficiencies, Historic Nashville offers a remarkable turnkey investment opportunity with further growth potential for the next owner. The portfolio, consisting of homes originally built in the late 1800s and early 1900s, includes eight studio units, 13 one-bedroom units, three two-bedroom/one-bath units, and one two-bedroom/two-bath unit. With exterior renovations to boost curb appeal and ongoing rent growth, a new investor can acquire a cash-flowing asset on nearly an acre of land, offering significant potential for further upside. In addition, there is the opportunity to acquire the Nashville Flats, a 29 Unit apartment complex across the street to create 54 units of scale.