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Franklin Place Apartments 117 Franklin Pl 8 Unit Apartment Building $1,097,600 CAD ($137,200 CAD/Unit) 8.03% Cap Rate South Bend, IN 46601
EXECUTIVE SUMMARY
Fully occupied 8-unit building located in the heart of South Bend, Indiana. This well-maintained property features long-term tenants, strong rental history, and is situated in a beautiful, historic neighborhood. Truly a turnkey investment with steady cash flow—an excellent opportunity for investors looking for a proven moneymaker with upside potential.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,097,600 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $137,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 8.03% | Building Size | 5,552 SF |
| Gross Rent Multiplier | 10.15 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 1.44/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | MU - Mixed Use | ||
| Price | $1,097,600 CAD |
| Price Per Unit | $137,200 CAD |
| Sale Type | Investment |
| Cap Rate | 8.03% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,552 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.44/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | MU - Mixed Use |
AMENITIES
UNIT AMENITIES
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 71-08-11-281-011.000-026 | Improvements Assessment | $248,881 CAD (2024) |
| Land Assessment | $10,290 CAD (2024) | Total Assessment | $259,171 CAD (2024) |
PROPERTY TAXES
Parcel Number
71-08-11-281-011.000-026
Land Assessment
$10,290 CAD (2024)
Improvements Assessment
$248,881 CAD (2024)
Total Assessment
$259,171 CAD (2024)
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Franklin Place Apartments | 117 Franklin Pl
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