508 West Washington Street

South Bend, IN 46601

$660,000
Price
9
Beds
9
Baths
1
1/2 Bath
7,121 Sq. Ft.
$93 / Sq. Ft.
7,121
Sq. Ft.
$93
per Sq. Ft.

Description

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....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.
  1. Listed by Peri Mason • Weichert Rltrs-J.Dunfee&Assoc.
  2. Listed by Felicia Ma • Weichert Rltrs-J.Dunfee&Assoc.

Property Details for 508 West Washington Street

Style
Three Story
Subdivision
Vails
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 12/03/2024 02:19 PM

Property Details for 508 West Washington Street

StatusActive
MLS #202444593
Days on Market34
Taxes$9,208 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1872
Lot Size0.15 AC / 6,534 SF
CountySt. Joseph County

Building Information for 508 West Washington Street

Stories3Residences9Year Built1872Building Size-Lot Size0.15 AC / 6,534 SF

Property Information for 508 West Washington Street

Summary
Location and General Information
  • Area: St. Joseph County
  • City: South Bend
  • Zip Code: 46601
  • City Zoning: NC Neighborhood Center
  • State: IN
  • Township: Portage
  • Geo Latitude: 42
  • Geo Longitude: -86
  • Inside City Limits: Yes
  • Fips Code: 18141
  • Directions To Property: Washington Street between Taylor and Williams St
Taxes and HOA
  • Assessed Value $: $331,300.00
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2023
  • Parcel Number Id: 71-08-11-278-009.000-026
School Information
  • School District: South Bend Community School Corp.
  • Elementary: Madison
  • Middle School: Navarre
  • High School: Riley
Parking
  • Number Of Parking Spaces: 20
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Other
  • Approx Lot Size Acres: 0.15
  • Lot Dimensions: 55X117
  • Below Grade Unfin Sqft: 2475.0
  • Total Square Feet: 9596.0
  • Approx Lot Size Sqft: 6534.0
  • Above Grade Finished Sqft: 7121.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 2475.0
  • Total Finished Sqft: 7121.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1872
  • Age: 152
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement, Fireplace, Off Street Parking
  • Exterior: Brick
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Dishwashers: 1
  • Number of Disposals: 1
  • Number of Dryers: 1
  • Number of Microwaves: 1
  • Number of Ranges/Ovens: 1
  • Number of Refrigerators: 3
  • Number of W/D Hookups: 0
  • Number of Washers: 1
  • Basement Material: Block
  • Basement: Yes
  • Basement/Foundation: Full Basement, Walk-Out Basement, Outside Entrance
  • Cooling: Central Air
  • Flooring: Mixed
  • Heating/Fuel: Hot Water
  • Stories: 3
  • Number of Above Grade Bedrooms: 9
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 9
  • Total Number of Full Baths: 9
  • Total Number of Half Baths: 1
  • Total Baths: 10
  • Number Total Rooms Below Grade: 1
  • Num Of 1 Bedrooms: 9
  • Num Of 2 Bedrooms: 0
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 9
  • Number of Units: 9
Income & Expenses Information
  • Annual Electric Expense: $10,496.00
  • Annual Fuel Expense: $1,348.00
  • Annual Gross Rent $: $78,540
  • Annual Insurance Expense: $4,472
  • Annual Maint. Expense: $5,000
  • Annual Misc: $9,807
  • Annual Net Income: $33,109
  • Annual Property Tax: $9,208
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $5,100
  • Gross Monthly Income: $6,545
  • Gross Monthly Rent: $7,345
Rental
Rental Information
  • Lease Term: Month to Month
  • Owner Pays: Cooling, Electric, Heating, Lawn Maintenance, Maintenance, Sewer, Snow Removal, Tax, Trash Collection, Water
  • Tenant Pays: Other

Property History for 508 West Washington Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 508 West Washington Street

Taxable ValueLand$16,600Additions$80,700Total$97,300
Tax Record2023$2,221 ($185 / month)
Home Facts
Total Finished SqFt2,400 SqFtAbove Grade Finished SqFt2,400 SqFtStories2Lot Size4,456 SqFtStyleMulti-Family Res (5+ Units)Year Built1900CountyST. JOSEPHAPN71-08-11-278-011.000-026

Schools near 508 West Washington Street

This home is within South Bend Community Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Madison Primary Center
PublicK to 5

Navarre Intermediate Center
Public6 to 8

Riley High School
Public9 to 12

Perley Fine Arts Academy
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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508 West Washington Street is a multi-family home for sale in South Bend, IN 46601. This property was listed for sale on November 18, 2024 by Weichert Rltrs-J.Dunfee&Assoc., it's currently listed at $660,000. It has been on the market for a total of 34 days and was last sold on November 1, 2017. This listing's school district is South Bend Community Sch Corp. Nearby schools include Madison Primary Center, Navarre Intermediate Center and Riley High School. 508 West Washington Street is a 9-bed, 9.5-bath, 7,121 sqft multi-family home built in 1872.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Weichert Rltrs-J.Dunfee&Assoc.

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