Listing courtesy of Revestco LLC · Listing agent: Amy Rhoda
2600 6th Street
Bedford, IN 47421
- 5.6 acres
- Bedrooms
- 88
- Bathrooms
- 44
- Living area
- 34,212 sq ft
- Lot
- 5.55 ac
- Year built
- 1985
- Type
- Multi Family
- Listed
- April 7, 2026
- MLS #
- 202611761
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.
Monthly payment estimate
$20,806/mo
- Principal & interest
- $16,421
- Property taxes
- $3,510
- Homeowners insurance
- $875
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 bill as reported to the MLS. Yours may differ once your own deductions apply.
- Insurance: estimated at 0.35% of the price per year.
- An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details
Interior
- Levels
- One
- Stories
- 2
- Total area
- 34,212 sq ft
- Finished area above grade
- 34,212 sq ft
- Bedrooms above grade
- 88
- Basement
- Crawl Space
- Flooring
- Carpet, Laminate
- Heating
- Electric, Conventional
- Cooling
- Central Air
- Amenities
- Countertops-Laminate, Deck Open, Water Heater Electric
Exterior & parking
- Construction
- Vinyl Siding, Wood Siding
- Roof
- Shingle
- Foundation
- Block
- Parking
- Concrete, Parking Lot
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Part Wooded
- Lot size (acres)
- 5.55 ac
- Lot dimensions
- 5.55 Acre
- Location type
- City/Town/Suburb
- County
- Lawrence County
- Township
- Shawswick
- Platted
- Yes
- Planned unit development
- No
- Directions
- 37 North, R on 5th Street, R on X, R into Park Place Apartments
Schools
- Elementary school
- Lincoln
- Middle school
- Bedford
- High school
- Bedford-North Lawrence
- School district
- North Lawrence Community Schools
Taxes & terms
- Annual taxes
- $42,119
- Tax year
- 2025
- Tax exemptions
- No Exemptions
- Listing terms
- Conventional
- Possession
- as agreed
- Parcel number
- 47-06-15-100-089.000-010
Included in the sale
- Included in sale
- Building,Land,Lease
Utilities
- Water
- City
- Sewer
- Public Sewer
- Electric provider
- Duke Energy Indiana
- Water provider
- Bedford City Utilities
- Cable / internet provider
- Comcast/Xfinity
Income & commercial
- Units
- 44
- Annual gross rent
- $396,840
- Net operating income
- $278,691
- Lease term
- 12 Months
- Parking spaces
- 88
- Pets allowed
- No
- Tenant pays
- Cable TV, Cooling, Electricity, Water
- Insurance (annual)
- $36,000
- Water & sewer (annual)
- $6,930
- Trash (annual)
- $5,600
- Maintenance (annual)
- $27,500