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$ 89,500
Est. payment /mo
Active
1822 Vassar Ave South Bend, IN 46628
3 Beds
1 Bath
1,656 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,656 sqft
Price per Sqft $54
MLS Listing ID 11634002
Bedrooms 3
Full Baths 1
Year Built 1928
Lot Size 3,868 Sqft
Property Description
Welcome to 1822 Vassar Ave-an immediately cash‑flowing 3-bedroom, 1-bath investment that checks all the right boxes for a buy‑and‑hold portfolio. With a reliable tenant in place participating in a local authority housing program, you'll step straight into steady income without the downtime or uncertainty of a lease-up period. If you're prioritizing consistency, simplicity, and low carrying costs, this property is built for your strategy. Why This Property Works for Investors Predictable Income: Enjoy consistent, on‑time payments backed by the local authority program. Minimal collection risk and dependable cash flow streamline your month‑to‑month operations. Low Overhead: Taxes and insurance are low, helping to bolster net operating income. No HOA: Zero HOA oversight, fees, or restrictions-more control, fewer headaches. Tenant in Place: No make‑ready costs, no vacancy gap, and no marketing spend-just turnkey income from day one. Property Highlights Practical Floor Plan: Single‑level layout with three well‑proportioned bedrooms and a full bath-ideal for long‑term tenancy and broad renter appeal. Functional Kitchen & Living Areas: Roomy common spaces for everyday comfort, easy to maintain, and tenant‑friendly. Solid Systems: Straightforward mechanicals and simple finishes keep maintenance predictable and budget‑friendly. Off‑Street Parking & Yard: Usable outdoor space and practical parking add everyday convenience for tenants. Established Rental Location: Situated in South Bend with fast access to local services, employment corridors, schools, and shopping-exactly what long‑term renters value. Investment Advantages Immediate Cash Flow: Income on day one thanks to a current tenant under a local authority housing agreement. Stability Over Speculation: Designed for investors who value durability of rent rolls over volatility. Scale‑Friendly: An easy add to any portfolio-self‑manage or hand off to property management with minimal transition. What You'll Love as an Owner Straightforward ownership experience without HOA rules, special assessments, or surprise community fees. A property that attracts dependable tenancy and supports long-term retention with its simple, livable design. Clear path to performance: low fixed costs + reliable rents = attractive yield profile. Showing & Access Property is tenant‑occupied. To respect the current resident's privacy, showings require advance notice and may be limited to set windows. Please do not disturb the tenant. Buyers may request interior access after providing proof of funds or pre‑approval. Terms & Disclosures Being sold as‑is subject to tenant rights. Lease details and rent roll available to qualified buyers upon request. Buyer to verify all measurements, schools, and any city requirements to their satisfaction. Real estate commission is offered-agents, bring your buyers. Make Your Move Turnkey rental properties with dependable, government‑backed payments and low overhead aren't on the market every day. If you're seeking a clean, uncomplicated addition to your portfolio, 1822 Vassar Ave is ready to perform from day one. Interested? Reply here to request financials, rent history, and access instructions-or to schedule your private showing window.
Location
State IN
County 18141
Rooms
Dining Room 0
Kitchen Galley
Building
Sewer Municipal
Water Municipal