Great Opportunity! 5 Duplexes (10 units)! 6-2BD/1BA and 4-1BD/1BA apartments. Well maintained and great rental history. Great rental history. Recent updates in various units including paint, flooring, new appliances, and more. Featuring a 8% cap rate and great NOI.
Off market
Zestimate®
$622,200
1905 14th St #5-14, Bedford, IN 47421
16beds
4,800sqft
Apartment Complex
Built in 1955
-- sqft lot
$622,200 Zestimate®
$130/sqft
$792 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Baseboard
Cooling
- Wall
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Unit 1 Laundry Room(Other), Unit 2 Laundry Room(Other), Unit 3 Laundry Room(Other), Unit 4 Laundry Room(Other), Unit 5 Laundry Room(Other), Unit 6 Laundry Room(Other)
Features
- Laminate Counters
- Flooring: Carpet, Laminate, Linoleum / Vinyl
- Basement: Crawl Space, Block
Interior area
- Total interior livable area: 4,800 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 10
Features
- Entry location: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Exterior features: Vinyl, Brick
- Waterfront features: No Water Features
Lot
- Size: 0.73 Acres
- Features: Sloped, City/Town/Suburb
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Apartment Complex
Condition
- Year built: 1955
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: Vectren Energy
- Sewer: City
- Water: City, Bedford City Utilities
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Smoke Detector(s)
Location
- Region: Bedford
HOA & financial
Other financial information
- Total actual rent: 56250
Other
Other facts
- Flooring: Carpet, Laminate, Vinyl
- Heating: Baseboard
- Appliances: Range/Oven, Refrigerator
- Roof: Shingle
- HeatingYN: true
- Utilities: Cable Available
- CoolingYN: true
- LeaseTerm: 12 Months, Unit 1 Rent Frequency(Monthly), Unit 2 Rent Frequency(Monthly), Unit 3 Rent Frequency(Monthly), Unit 4 Rent Frequency(Monthly), Unit 5 Rent Frequency(Monthly), Unit 6 Rent Frequency(Monthly)
- ConstructionMaterials: Vinyl Siding, Brick
- NumberOfUnitsTotal: 10
- RoomsTotal: 26
- Basement: Crawl Space, Block
- FarmLandAreaUnits: Square Feet
- NumberOfUnitsLeased: 8
- TrashExpense: 0
- TenantPays: Electricity, Fuel, Unit 1 Electric, Unit 2 Electric, Unit 3 Electric, Unit 4 Electric, Unit 1 Gas, Unit 2 Gas, Unit 3 Gas, Unit 4 Gas, Unit 5 Gas, Unit 5 Electric, Unit 6 Electric, Unit 6 Gas
- ArchitecturalStyle: Other
- LotFeatures: Sloped, City/Town/Suburb
- ParkingFeatures: Off Street, Parking Lot, Unit 2 Garage TypeNone), Unit 1 Garage TypeNone), Unit 3 Garage TypeNone), Unit 4 Garage TypeNone), Unit 5 Garage TypeNone), Unit 6 Garage TypeNone)
- SecurityFeatures: Smoke Detector(s)
- Cooling: Wall Unit(s)
- InteriorFeatures: Laminate Counters
- BelowGradeFinishedArea: 0
- OwnerPays: Other
- WaterSource: City, Bedford City Utilities
- OtherExpense: 0
- PropertySubType: Apartment Complex
- PetsAllowed: Pet Restrictions
- Sewer: City
- InsuranceExpense: 1290
- MlsStatus: Active
- ElectricExpense: 1090
- FuelExpense: 553
- GrossIncome: 4688
- MaintenanceExpense: 6800
- EntryLocation: Unit 1 Level(Main),Unit 2 Level(Main),Unit 3 Level(Main),Unit 4 Level(Main)
- Gas: Vectren Energy
- WaterfrontFeatures: No Water Features
- Electric: Duke Energy Indiana
- LaundryFeatures: Unit 1 Laundry Room(Other), Unit 2 Laundry Room(Other), Unit 3 Laundry Room(Other), Unit 4 Laundry Room(Other), Unit 5 Laundry Room(Other), Unit 6 Laundry Room(Other)
- NetOperatingIncome: 35820
- TotalActualRent: 56250
- WaterSewerExpense: 6297
- TaxAnnualAmount: 4400
- ListPriceLow: 524900