2600 6th Street, Bedford, IN 47421
2600 6th Street, Bedford, IN 47421
2600 6th Street, Bedford, IN 47421
14
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$3,000,000
Est. payment /mo
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88 Beds
44 Baths
34,212 SqFt
Active

2600 6th Street Bedford, IN 47421

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Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 34,212 sqft

MLS Listing ID 202611761

Style One Story

Bedrooms 88

Full Baths 44

Abv Grd Liv Area 34,212

Total Fin. Sqft 34212

Year Built 1985

Annual Tax Amount $36,000

Tax Year 2025

Lot Size 5.550 Acres

Property Sub-Type Apartment Complex

Property Description

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.

Location

State IN

County Lawrence County

Area Lawrence County

Direction 37 North, R on 5th Street, R on X, R into Park Place Apartments

Rooms

Family Room 895 x 875

Dining Room 0 x 875

Kitchen , 875 x 895

Interior

Flooring Carpet, Laminate

Fireplaces Number 6

Appliance Building, Land, Lease

Laundry , 88

Exterior

Exterior Feature None

Garage Spaces 1.0

Fence None

Amenities Available Countertops-Laminate, Deck Open, Water Heater Electric

Roof Type Shingle

Total Parking Spaces 88

Building

Lot Description Partially Wooded

Story 2

Structure Type Vinyl,Wood

New Construction No

Schools

Elementary Schools Lincoln

Middle Schools Bedford

High Schools Bedford-North Lawrence

School District North Lawrence Community Schools

Others

Financing Conventional,Other

Virtual Tour https://www.propertypanorama.com/instaview/irmls/202611761

Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS
Listed by Amy Rhoda • Revestco LLC

NEARBY SCHOOL & BUSINESS

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Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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