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2600 6th Street, Bedford, IN 47421

Bedford
Local realty services provided by:CENTURY 21 Scheetz
2600 6th Street,Bedford, IN 47421
$3,000,000
Virtual Tour
  • 88 Beds
  • 44 Baths
  • 34,212 sq. ft.
  • Multi-family
  • Active
Listed by: amy rhoda
Office: revestco llc.
MLS#:202611761
Source:Indiana Regional MLS

Price summary

  • Price:$3,000,000
  • Price per sq. ft.:$87.69

About this home

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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Home facts

  • Year built:1985
  • Subdivision & Development:None
  • Listing ID #:202611761
  • Added:115 day(s) ago
  • Updated:August 01, 2026 at 03:07 PM

Rooms and interior

  • Bedrooms:88
  • Total bathrooms:44
  • Full bathrooms:44
  • Flooring:Carpet, Laminate
  • Basement Description:Crawl
  • Living area:34,212 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Conventional, Electricity
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1985
  • Building area:34,212 sq. ft.
  • Lot area:5.55 Acres
  • Lot Features:Partially Wooded
  • Architectural Style:One Story
  • Construction Materials:Vinyl, Wood
  • Exterior Features:Deck Open
  • Levels:1 Story

Schools

  • High school:Bedford-North Lawrence
  • Middle school:Bedford
  • Elementary school:Lincoln

Utilities

  • Water:City
  • Sewer:City

Finances and disclosures

  • Price:$3,000,000
  • Price per sq. ft.:$87.69
  • Tax amount:$36,000

Features and amenities

  • Amenities:Countertops-Laminate, Water Heater Electric

Parking

  • Parking description:Concrete Driveway, Parking Lot
  • Garage spaces:1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2026 Indiana Regional MLS LLC.

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