2600 6th ST, Bedford, IN 47421
2600 6th ST, Bedford, IN 47421
2600 6th ST, Bedford, IN 47421
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Mariah Cressy

Mariah Cressy

+1(574) 339-4941
Listed by Revestco LLC
$3,000,000
Est. payment /mo
88 Beds
44 Baths
34,212 SqFt
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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment Complex

Listing Status Active

Purchase Type For Sale

Square Footage 34,212 sqft

MLS Listing ID IRM202611761

Style Other

Bedrooms 88

Full Baths 44

HOA Y/N No

Year Built 1985

Annual Tax Amount $42,119

Tax Year 2025

Lot Size 5.550 Acres

Acres 5.55

Lot Dimensions 5.55 Acre

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

Rooms

Basement Crawl Space

Interior

Heating Electric, Conventional

Inclusions Building, Land, Lease

Fireplace N

Exterior

Parking Features Concrete, Parking Lot

Fence None

Amenities Available None

Waterfront Description None

View Y/N true

Total Parking Spaces 88

Building

Lot Description Part Wooded

Story One

Sewer Public Sewer

Water City

Level or Stories One

New Construction No

Schools

Elementary Schools Lincoln

Middle Schools Bedford

High Schools Bedford-North Lawrence

School District North Lawrence Community Schools

Others

Pets Allowed No

Tax ID 47-06-15-100-089.000-010

Monthly Total Fees $27, 500

Acceptable Financing IRM202611761

Listing Terms IRM202611761

Special Listing Condition None

Pets Allowed No

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

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Indiana Regional MLS (IRMLS)
IDX information provided by the Indiana Regional MLS. © 2026 Listings courtesy of Indiana Regional MLS as distributed by MLS GRID. All Rights Reserved.

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Mariah Cressy

Mariah Cressy

+1(574) 339-4941

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