2600 6th St, Bedford, IN 47421
- $3,000,000
- 88
- BD
- 44
- BA
- 34,212
- SqFt
Listing courtesy of Amy Rhoda from Revestco LLC.
- List Price
- $3,000,000
- Status
- ACTIVE
- MLS#
- 202611761
- Style
- Other
- Year Built
- 1985
- Days On Market
- Unknown
- Bedrooms
- 88
- Bathrooms
- 44
- Living Area
- 34,212
- Township
- Shawswick
Property Description
Great investment opportunity featuring a 44-unit apartment community comprised of 2BD/1BA units (~900 SF) across 10 buildings. Property maintains strong occupancy (~95%) with recent leases achieving $875–$895 per unit, plus a $50/month utility reimbursement for water, sewer, and trash. Tenants pay electric, providing low owner utility exposure. Current ownership has implemented a proven rent growth strategy, with continued opportunity to standardize remaining units and increase income. The property generates approximately $278,000+ in net operating income, offering an attractive ~9% cap rate at the current list price. Recent improvements include HVAC upgrades, unit renovations, and a new lift station (2020), reducing near-term capital expenditure needs. Additional updates throughout include flooring, paint, appliances, and mechanical improvements.
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Additional Information
- Acres
- 5.55
- Taxes
- $42,119
- Lot Features
- Part Wooded
- Water
- City
- Heating
- Electric
- Cooling
- Central Air
- Flooring
- Carpet, Laminate
- School District
- North Lawrence Community Schools
- Elementary School
- Lincoln
- Middle School
- Bedford
- High School
- Bedford-North Lawrence
- Agent Name
- Amy Rhoda
Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. 