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.
Active
$3,000,000
2600 6th St, Bedford, IN 47421
88beds
34,212sqft
Multi Family
Built in 1985
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Unit renovations
- 156 days
- 220
- 9
Zillow last checked:
Listing updated:
Listed by:
Amy Rhoda 812-583-0919,
Revestco LLC
Source: IRMLS,MLS#: 202611761
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 88
- Bathrooms: 44
- Full bathrooms: 44
Heating
- Electric, Conventional
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Laminate Counters
- Flooring: Carpet, Laminate
- Basement: Crawl Space,Block
Interior area
- Total structure area: 34,212
- Total interior livable area: 34,212 sqft
- Finished area above ground: 34,212
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 88
- Parking features: Parking Lot, Concrete
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 2
- Patio & porch: Deck
- Fencing: None
Lot
- Size: 5.55 Acres
- Features: Few Trees, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 470615100089.000010
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Materials
- Vinyl Siding, Wood Siding
- Roof: Shingle
Condition
- New construction: No
- Year built: 1985
Utilities & green energy
- Electric: Duke Energy Indiana
- Sewer: City
- Water: City, Bedford City Utilities
Community & HOA
Community
- Features: None
- Subdivision: None
Location
- Region: Bedford
Financial & listing details
- Annual tax amount: $42,119
- Date on market: 4/7/2026
- Listing terms: Conventional,Other
- Inclusions: Building, Land, Lease
- Lease term: 12 Months
- Total actual rent: 396840
- Tenant pays: Cable TV, Cooling, Electricity, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/7/2026 | Listed for sale | $3,000,000+30.7% |
Source:  IRMLS #202611761 Report a problem | ||
| 1/20/2021 | Listing removed | -- |
Source:  IRMLS Report a problem | ||
| 1/1/2021 | Listed for sale | $2,295,000$67/sqft |
Source: IRMLS #202100022 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 47421
Nearby schools
Schools provided by the listing agent
- Elementary: Lincoln
- Middle: Bedford
- High: Bedford-North Lawrence
- District: North Lawrence Community Schools
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
