2600 6th Street
Bedford, IN 47421
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.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Agency Name: Revestco LLC
Agency Phone: 812-277-9732
Agent Name: Amy Rhoda
Shown By
Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121
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2600 6th Street | MLS# 202611761
This multi-family property located at 2600 6th Street, Bedford, IN 47421 is currently listed for sale with an asking price of $3,000,000. 6th Street is located within the North Lawrence Community Schools school district. Search Bedford real estate on www.coldwellbanker1stchoice.com today.