Marcus & Millichap Brokers Sale Of River Shore Apartments In South Bend For $4.3M

The property asset involved in this transaction is River Shore Apartments, a multifamily complex located at 3530 Northside Boulevard, South Bend, IN. The sale price is $4,300,000, encompassing a total of 41,900 square feet. The property sits on 2.12 acres and consists of 48 units, with a price per unit of $89,583 and a price per square foot of $103.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,300,000
• Units: 48
• Square Footage: 41,900
• Address: 3530 Northside Boulevard
• Market: South Bend, IN
• Acres: 2.12
• Price Per Unit: $89,583
• Price Per Square Foot: $103

The sale was brokered by Marcus & Millichap, represented by brokers Jack Friskney, Aaron Kuroiwa, and Austin Meeker. This transaction involved a local seller and a buyer from Detroit. The property, built in 1969 and mostly renovated, features one- and two-bedroom units with river views and amenities such as a dog park and carports.