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508 W Washington Street

South Bend, IN 46601
  • $660,000
  • STATUS: Active
  • ON SITE: 55 Days
  • MLS #: 202444593
UPDATED: 114 min ago
$660,000
  • 9
    BEDS
  • 0.15
    ACRES
  • 9
    BATHS
  • 1
    1/2 BATHS
  • 7,121
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1872
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Peri Mason of Weichert Rltrs-J.Dunfee&Assoc.: .

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. 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.

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-01-13T00:28:23.423.

www.movingwithteammelton.com/homes/157999482
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508 W Washington Street South Bend, IN 46601

  • Price: $660,000
  • Status: Active
  • On Site: 55 Days
  • Updated: 114 min ago
  • MLS #: 202444593
9
Beds
9
Baths
1
½ Baths
0.15
Acres
7,121
SQFT
$93
$/SQFT
1872
Built
Neighborhood:
Vails
County:
St. Joseph
Area:
St. Joseph
Elementary School:
Madison
Middle School:
Navarre
High School:
Riley
School District:
South Bend Community School Corp
Property 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. 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.
Exterior Features

Exterior Brick Lot Description Level Lot Dimensions 55X117 Outbuilding None Parking Spaces 20 Pool YN No Style Three Story Waterfront YN No

Interior Features

Above Grade Bedrooms 9 Above Grade Finished Sqft 7121 Above Grade Unfin Sq Ft 0 Amenities BasementFireplaceOff Street Parking Basement Foundation Full BasementWalk-Out BasementOutside Entrance Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 2475 Cooling Central Air Dishwashers 1 Disposals 1 Dryers 1 Flooring Mixed Heating Fuel Hot Water Microwaves 1 Ranges Ovens 1 Refrigerators 3 Rooms Below Grade 1 Total Baths 10 Total Below Grade Sqft 2475 Total Sq Ft 9596 Wash Dry Hookups 0 Washers 1

Property Features

Annual Electric Expense 10496 Annual Fuel Expense 1348 Annual Gross Rent 78540 Annual Insurance Expense 4472 Annual Maint Expense 5000 Annual Misc 9807 Annual Net Income 33109 Annual Property Tax 9208 Annual Trash Expense 0 Annual Water Sewer Exp 5100 Assessed Value 331300 Assoc Dues Frequency Not Applicable Auction Y / N No Efficiencies 0 For Sale Or Rent For Sale Four Bedrooms 0 Gross Monthly Income 6545 Gross Monthly Rent 7345 Inside City Limits Yes Lease Term Month to Month New Construction No One Bedrooms 9 Owner Pays CoolingElectricHeatingLawn MaintenanceMaintenanceSewerSnow RemovalTaxTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Other Reo YN No Sale Includes BuildingBusinessOther Sewer City Tenant Pays Other Three Bedrooms 0 Township Portage Two Bedrooms 0 Units Rented 9 Water Utility City Year Taxes Payable 2023

Listing provided by Peri Mason of Weichert Rltrs-J.Dunfee&Assoc.: .

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Melton | ERA First Advantage Realty. Data last updated: 2025-01-13T00:28:23.423.

 
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Listing provided by Peri Mason of Weichert Rltrs-J.Dunfee&Assoc.: .