44-Unit Apartment
2600 6th Street, Bedford, IN 47421
For Sale
New
$3,000,000
Ten separate buildings contain two-bedroom apartments with limited owner-paid utility exposure.
Property Size34,212 SF
Price / SF$87.69
Days on Market5
Property Features for 2600 6th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Lease Term
Net Operating Income
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Tenant in Place
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Revestco LLC
(812) 277-9732
Listed By:
Amy Rhoda · License #RB14038651
(812) 583-0919
Source:
Bigrealtyservices
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 6 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Revestco LLC
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Investment Insights
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This 44-unit apartment community consists of 10 buildings constructed in 1985. Each apartment has two bedrooms, one bathroom, and approximately 900 SF. Improvements include HVAC work, interior renovations, updated flooring, paint and appliances, plus mechanical updates and a lift station installed in 2020.
Occupancy is approximately 95%. Residents pay electric, while water, sewer and trash costs are addressed through a monthly utility reimbursement. Recent leases have been signed at $875–$895 per unit, with an additional $50 per month for utility reimbursement. Current operations generate approximately $278,000+ in net operating income and an approximately 9% cap rate.
Occupancy is approximately 95%. Residents pay electric, while water, sewer and trash costs are addressed through a monthly utility reimbursement. Recent leases have been signed at $875–$895 per unit, with an additional $50 per month for utility reimbursement. Current operations generate approximately $278,000+ in net operating income and an approximately 9% cap rate.
Key Highlights
- 44 apartments across 10 buildings
- Two‑bedroom, one‑bathroom units of approximately 900 SF
- Approximately 95% occupancy
Property Analytics
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Lease Details
44
Residential units
95%
Occupancy
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
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Business Placement
Demographics for 47421, IN
27,798
Population
13,112
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
91%
High-School Grad
184.4 sq mi
ZIP Area
151
Density / Sq Mi
$66,588
Median Household Income
$39,613
Median Earnings
$827
Median Rent
$165,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten separate buildings contain two-bedroom apartments with limited owner-paid utility exposure.
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: 44 apartments across 10 buildings; Two‑bedroom, one‑bathroom units of approximately 900 SF; Approximately 95% occupancy
