508 Washington, South Bend, IN 46601 - Myers Trust

508 Washington, South Bend, IN 46601

Overview

MLS ID: #202444593
Price: $ 660,000
Sq Ft: 7,121
Finished Sq Ft: 7,121
Lot Size: 0.15 Acres
Year Built: 1872
Bedrooms: 9
Full Bathrooms: 9
Half Bathrooms: 1
Taxes: $ 4,472
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This is a wonderful opportunity for either a classic B&B or an investment opportunity in rental units. The Cushing Manor, an award-winning B&B, is currently a 9-apartment rental unit but can be converted back to its original glory as a Bed & Breakfast. The classic woodwork is beautiful throughout the home. The grand foyer and staircase are stunning. All the rooms are en suite. And the rooms are fully furnished, many antique pieces. The home does need someone to bring it back to its original glory. Some TLC would bring back its historic look and allure. If you choose to keep it as a rental investment property, 8 of the apartments are currently rented with long time tenants. The current rentals are on a month to month basis. There are 2 parking lots sold with the unit as well.

MLS ID: 202444593

Details

# of Units 9
Price Per Unit 73,333.330
Above Grade Finished SF 7,121
Combined Finished SF 7,121
Below Grade Finished SF 2,475
Below Grade Unfinished SF 2,475
Total Below Grade SF 2,475
Total Sq Ft 9,596
Lot Dimensions 55X117
Approx Lot Size SqFt 6,534
Approx Lot Size Acres 0.150
Garage SF 5,100
Water Front No
Style Three Story
New Construction No
Elementary School Madison
Middle School Navarre
Senior Riley
District South Bend Community School Corp
# Bedrooms 9
# of Full Baths 9
# of Half Baths 1
Rec Room 1 x 1
Bedroom 5 3 x 1
Loft 1 x 1
Extra Room 1 x 0
Laundry Room 20 x
Annual Gross Rent Income $78,540.00
Annual Sewer Expense $5,100.00
Annual Fuel Expense $1,348.00
Annual Electric Expense $10,496.00
Annual Trash Expense $0.00
Annual Property Tax $9,208.00

Map

Listing Office: Weichert Rltrs-J.Dunfee&Assoc.

Listing Agent: Peri Mason

Disclaimer:

Property information is provided by the Indiana Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.