| 2600 6th Bedford, IN 47421 |
$3,000,000 |
| Listed by Revestco LLC |
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1 of 14
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MLS # 202611761
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Investment Apartment Complex
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| Lot Information |
| Acres: |
5.55 |
| Dimensions: |
5.55 Acre |
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| County: |
Lawrence |
| Township: |
Shawswick |
| Grid: |
None |
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| Utilities |
| Utility |
Type |
| Sewage |
--- |
| Gas |
--- |
| Water Co |
--- |
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| Utility |
Type |
| Cable |
--- |
| Electric |
--- |
| Amps |
--- |
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Investment Apartment Complex
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| SqFt |
Fin |
Unfin |
Total |
| Upper |
0 | 0 | 0 |
| Main |
0 | 0 | 0 |
| Total |
0 | 0 | 0 |
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| Basement 1 |
0 | 0 | 0 |
| Basement 2 |
0 | 0 | 0 |
| Total |
0 | 0 | 0 |
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| Total |
0 | 0 | 0 |
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| Total Rooms: | --- |
Yr. Built: | --- |
Style: | --- |
| Bedrooms: | ---
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Foundation: | ---
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| Study Rooms | ---
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Fireplaces: | --- |
| Full Baths: | ---
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Exterior: | ---
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| HalfBaths | ---
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AC: | --- |
| Heating: | ---
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Water Heater: | ---
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Street type: | ---
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| HOA Fee: | ---
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HOA Term: | ---
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| HOA Note: | --- |
| Garage: | --- |
Cap: | ----car |
Sq.Ft.: | --- |
| Garage Note: | --- |
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School
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NOTE: Due to school redistricting, schools identified with this listing may be subject to change. Please confirm school district with the school corporation.
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| Elementary: Lincoln |
Middle: Bedford |
High: Bedford-North Lawrence |
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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 $875xe2x20acx201c$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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37 North, R on 5th Street, R on X, R into Park Place Apartments
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