501 W Lawrence Street Active Save Request In-Person Tour Request Virtual Tour
Mishawaka,IN 46545
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $109
Subdivision Lawrence & Battells
MLS Listing ID 202528180
Style One and Half Story
Bedrooms 2
Full Baths 2
Year Built 1904
Annual Tax Amount $852
Tax Year 2025
Lot Size 3,920 Sqft
Property Sub-Type Duplex
Property Description
"Investor Alert! Don't miss this incredible opportunity to expand your portfolio with a solid income-producing property in a prime Mishawaka location at 501 W. Lawrence. Zoned for multi-family use! This duplex boasts generously sized units that tenants love! Separate utilities (excluding water/trash) - but currently the utilities are included in the rent and owner pays. Enjoy low vacancy rates thanks to its highly desirable location near universities, the scenic River Walk, Parks, and convenient access to shopping, dining, entertainment, and excellent schools. This is more than just a property; it's a smart investment in a thriving community with strong property values. Both units are occupied - immediate cash flow! Both tenants have rented the property for multiple years. They are both on month to month leases. There are 2 furnaces and 2 window A/C units. One of the owners is a licensed real estate agent.
Location
State IN
County St. Joseph County
Area St. Joseph County
Zoning R2 Two-family Residential
Rooms
Dining Room 0
Interior
Flooring Carpet,Ceramic Tile,Laminate,Vinyl Tile
Laundry , 0
Exterior
Exterior Feature Sidewalks
Fence None
Amenities Available Basement,Near Walking Trail,Attic Storage,Cable Available,Countertops-Laminate,Detector-Carbon Monoxide,Detector-Smoke,Eat-In Kitchen,Porch Covered,Porch Enclosed,Storm Doors,Storm Windows,Water Heater Gas,Washer Hook-Up
Roof Type Asphalt,Shingle
Building
Lot Description Corner,Level,0-2.9999
Story 1.5
Structure Type Vinyl
New Construction No
Schools
Elementary Schools Battell
Middle Schools John Young
High Schools Mishawaka
School District School City Of Mishawaka
Others
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202528180