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Courtesy of Revestco LLC, Amy Rhoda, 812-583-0919
88 Beds
44 Baths
34,212 sqft

$3,000,000

2600 6th Street, Bedford IN, 47421

Price per sqft$87.69
Built in1985
Property size34,212 sqft
Property typeMulti-family

Overview

Active

Updated 12 days ago

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.

$19,959/mo

Est. mortgage payment based on a $3,000,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
202611761

Interior Features

Bedrooms
88
Bathrooms
44
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
5.55 Acres

Other Property Details

Taxes
$42,119
Tax Frequency
Annually
Maintenance Expense
$27,500
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Listings courtesy of Indiana Regional MLS as distributed by MLS GRID 

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Data last updated 12:29 AM UTC, 9/28/2026

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