44-Unit Apartment Investment
2600 6th Street, Bedford, IN 47421
Apartment Complex, Other - Bedford, IN
Property size:
34,212 SFLot size:
5.55 AcresPrice / SF:
$87/SF- Added:
- Apr 7, 2026
- Days on Market:
- 48
- Last Refresh:
- May 24 at 6:06 pm
Property Features for 2600 6th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 88
- Bathrooms
- 44
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Laundry
- Patio and Porch features
- Deck
- EntryLevel
- Main,Upper
- Exterior features
- Countertops-laminate, Deck Open, Water Heater Electric, None
- Appliances
- Dishwasher, Garbage Disposer, Range, Washer
- Standard status
- Active
- APN
- 47-06-15-100-089.000-010
- Size
- 34,212 SF
- Lot size
- 5.55 Acres
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Central Air
Building Details
- Floors in Building
- 2
- Number of units
- 44
- Flooring type
- Carpet, Laminate
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Amy Rhoda License #RB14038651 (812) 583-0919
Listing office Revestco LLC 202 Hillcrest Dr., Bedford, IN (812) 277-9732
Listing date Apr 7, 2026
MLS# 202611761
Listing URL
Copyright © 2026 Indiana Uplands Realtor® Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Attractive ~9% cap rate based on $278,000+ net operating income.
- Strong occupancy rate of ~95%.
- Proven rent growth strategy in place with opportunity to standardize units and increase income.
- Recent leases achieving $875–$895 per unit, plus $50/month utility reimbursement.
- Low owner utility exposure due to tenants paying electric.
- Recent improvements including HVAC upgrades, unit renovations, and a new lift station (2020) reducing near‑term capital expenditure needs.
Overview
This investment opportunity features a 44-unit apartment community consisting of two-bedroom, one-bathroom units, each approximately 900 square feet, spread across 10 buildings. The property maintains a strong occupancy rate of approximately 95%. Recent leases have achieved rental rates of $875 to $895 per unit, in addition to a $50 per month utility reimbursement covering water, sewer, and trash services. Tenants are responsible for paying their electric bills, which results in low utility expenses for the owner. The current ownership has successfully implemented a rent growth strategy, with ongoing opportunities to standardize the remaining units and further increase income. The property generates a net operating income of approximately $278,000 or more. Recent improvements include HVAC upgrades, unit renovations, and a new lift station installed in 2020, which reduces the need for near-term capital expenditures. Additional updates throughout the property include flooring, paint, appliances, and mechanical improvements. The property is located in Bedford, Indiana, in Lawrence County, and the lot size is 5.55 acres. The total property size is 34,212 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Bedford
- County
- Lawrence
- State
- Indiana
- Longitude
- -86.502043
- Latitude
- 38.872951
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 44-unit apartment complex with strong occupancy and income potential.
Where is this apartment building located?
The property is located at 2600 6th Street Bedford, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Attractive ~9% cap rate based on $278,000+ net operating income.; Strong occupancy rate of ~95%.; Proven rent growth strategy in place with opportunity to standardize units and increase income.
