Cash Flow Boarding House #2

Description

Welcome to an unparalleled opportunity to own a renovated, large 6 bedroom home that is currently rented by-the-room; perfect for Notre Dame students, Airbnb, and boarding house offerings.
This cash-flowing gem can be offered as a bundle with its counterpart property, located just a few houses away at the corner E South St (also 225k). Why buy one when you can have TWO? Secure your bundle today!
Quick Property Overview:
Size: 3,615 sqft
6 bedrooms, 2 bathrooms
Year Built: 1900
Lot Size: 8,167 sqft
High-Ticket Items: Roof (7yr old), Major mechanical items (2-5yr old)
Rehab: None needed
📍 Location Highlights:
Unbeatable location in central downtown South Bend
5 minute walk / 0.2 miles to South Bend Public Transit Center
15 minute walk / 0.7 miles to downtown South Bend
💰 Financial Overview:
Buyer can keep the existing property management in place
Currently nets $3,000-$4,000 per month.
Seller collects the majority of rents in cash, which does not/can not show on the P&L documents/records
Perfect for Notre Dame students, Airbnb, and boarding house offerings on a rent by-the-week or by-the-month structure.