5011 Birchwood Ln
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5011 Birchwood Ln
10 Unit Apartment Building $1,510,287 CAD ($151,029 CAD/Unit) 8.05% Cap Rate South Bend, IN 46637
Executive Summary
Presenting a rare, fully renovated 10-unit multifamily property in South Bend, Indiana and just 10 minutes from the University of Notre Dame. This turnkey asset is ideally positioned in a growing market with strong tenant demand and economy.
INVESTMENT HIGHLIGHTS:
Low Maintenance & Capital Expenditures: All major improvements were completed in 2024,
ensuring minimal maintenance and no significant capital expenditures for years to come.
Individually Metered Units: Each unit is separately metered for water, electric, gas and trash thus fully relieving the landlord of all utility expenses.
Benefits of the HOA: Insurance, snow removal and landscaping is all included in the HOA fees. New ownership also has the flexibility to sell units individually and control the HOA (10 out of 12 units owned). A 3-bed recently sold for $175k and a 2-bed recently sold for $150k.
Premium In-Unit Amenities: Each unit includes high-end kitchen and bathroom packages, new
LVP flooring, in-unit washer and dryers, dishwashers, and a private garage, enhancing tenant
appeal and convenience.
Neighborhood Growth: Two new single-family homes on the same street are nearing completion, further contributing to the area’s appeal and value.
Prime Location: Situated in a thriving area with numerous nearby amenities and just a 10 minute
drive from Notre Dame, this property is well-positioned for sustained rental demand and long-term appreciation.
INVESTMENT HIGHLIGHTS:
Low Maintenance & Capital Expenditures: All major improvements were completed in 2024,
ensuring minimal maintenance and no significant capital expenditures for years to come.
Individually Metered Units: Each unit is separately metered for water, electric, gas and trash thus fully relieving the landlord of all utility expenses.
Benefits of the HOA: Insurance, snow removal and landscaping is all included in the HOA fees. New ownership also has the flexibility to sell units individually and control the HOA (10 out of 12 units owned). A 3-bed recently sold for $175k and a 2-bed recently sold for $150k.
Premium In-Unit Amenities: Each unit includes high-end kitchen and bathroom packages, new
LVP flooring, in-unit washer and dryers, dishwashers, and a private garage, enhancing tenant
appeal and convenience.
Neighborhood Growth: Two new single-family homes on the same street are nearing completion, further contributing to the area’s appeal and value.
Prime Location: Situated in a thriving area with numerous nearby amenities and just a 10 minute
drive from Notre Dame, this property is well-positioned for sustained rental demand and long-term appreciation.
Data Room Click Here to Access
Property Facts
Price | $1,510,287 CAD | Building Class | C |
Price Per Unit | $151,029 CAD | Lot Size | 0.36 AC |
Sale Type | Investment | Building Size | 13,000 SF |
Cap Rate | 8.05% | Average Occupancy | 100% |
No. Units | 10 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 2024 |
Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
Apartment Style | Low Rise |
Price | $1,510,287 CAD |
Price Per Unit | $151,029 CAD |
Sale Type | Investment |
Cap Rate | 8.05% |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.36 AC |
Building Size | 13,000 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 2024 |
Parking Ratio | 0.77/1,000 SF |
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
2+1.5 | 5 | - | 970 |
3+1.5 | 5 | - | 1,380 - 1,625 |
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Apex Management LLC
5011 Birchwood Ln
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