FSBO

EXCITING DEVELOPMENT OPPORTUNITY IN AN UP-AND-COMING NEIGHBORHOOD WITH GOOD RENT

55405 Woodland Ave, South Bend, IN 46628

$200,900 After Repair Value -
$34,500 Asking Price -
$0 Cost of Repairs =
$166,400 Potential Profit

Property Details

Asking Price $34,500

After Repair Value $200,900

Costs of Repairs $0

Potential Profit $166,400

Living Area 32230.05 ft2

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms N/A

Parking 0

Listed with Agent 0

Property Description

An excellent opportunity to develop a large, residential corner lot in the up-and-coming neighborhood of Packard Reo in South Bend, Indiana. The property is located near key amenities, including the South Bend Airport, three schools and a number of parks, restaurants and grocery stores. The South Bend Country club is a short drive away. The 0.73 acres lot can accommodate new construction and a spacious yard to appeal to professionals and families. Close to the University of Notre Dame and 5 minutes from downtown South Bend, the property has excellent rental potential. Comparable rental rates in the area are $800-$1000/month. The real estate market in the greater neighborhood of Packard Reo (including the Ardmore community where the lot is located) is hot, growing 6.3% in the last twelve months, and expected to grow another 3.3% within the next year. The average price per square foot is $112, which is higher than the South Bend average of $99/sqf. The median price of listed homes is $200,900. Don’t miss your chance to take advantage of this offer - great location, even better market potential.See the property: - info: - Website: -

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Carlos Merino

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