Marcus & Millichap brokered the sale of River Shore Apartments, a 48-unit multifamily property in South Bend, Indiana, for $4.3 million.
Jack Friskney, Aaron Kuroiwa and Austin Meeker, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the South Bend-based seller, and procured the Detroit-based buyer.
River Shore Apartments, located at 3530 Northside Blvd., comprises 4 one-bedroom and 44 two-bedroom units, with select apartments offering views of the Saint Joseph River. Built in 1969 on 2.12 acres, the property includes 41,900 rentable square feet, and 39 of the 48 units have been renovated. There are numerous amenities, including a dog park, car ports, and small storage compartments for tenants. The property is near Indiana University South Bend, Bethel College and the University of Notre Dame.
