Great investment opportunity! Seven-plex/Townhomes with great rental history. 100% occupied. All 2BD/1BA with private parking. 2bd/1BA on upper level, main level living room and kitchen, and garage/laundry area on lower level. Tenants responsible for all utilities. Property located right off of 5th Street in Bedford. Close to 37. Many units have been updated including new paint, flooring, and fixtures. Great NOI and Cap Rate!
Off market
Zestimate®
$613,800
5 5th & V Street 509 513 515 517 #503-505-51, Bedford, IN 47421
14beds
5,936sqft
MultiFamily
Built in 1995
-- sqft lot
$613,800 Zestimate®
$103/sqft
$1,121 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Forced air
Cooling
- Central
Appliances
- Included: Range / Oven, Refrigerator
- Laundry: Washer/Dryer Hookups, Unit 2 Laundry Room(Basement), Unit 3 Laundry Room(Basement), Unit 1 Laundry Room(Basement), Unit 4 Laundry Room(Basement), Unit 5 Laundry Room(Basement), Unit 6 Laundry Room(Basement)
Features
- Ceiling Fan(s), Storage
- Flooring: Carpet, Laminate
- Basement: Partial, Concrete, Unit 1 Basement, Unit 2 Basement, Unit 3 Basement, Unit 4 Basement, Unit 5 Basement, Unit 6 Basement
Interior area
- Total interior livable area: 5,936 sqft
- Finished area below ground: 0
Property
Parking
- Total spaces: 14
- Parking features: Garage - Attached
Features
- Entry location: Unit 1 Level(Combined),Unit 2 Level(Combined),Unit 3 Level(Main)
- Exterior features: Vinyl
- Waterfront features: No Water Features
Lot
- Size: 0.30 Acres
- Features: Sloped, City/Town/Suburb
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
Condition
- Year built: 1995
Utilities & green energy
- Electric: Duke Energy Indiana
- Gas: Vectren Energy
- Sewer: City
- Water: City, Bedford City Utilities
Community & neighborhood
Location
- Region: Bedford
HOA & financial
Other financial information
- Total actual rent: 58680
Other
Other facts
- Flooring: Carpet, Laminate
- Heating: Forced Air
- Appliances: Range/Oven, Refrigerator
- InteriorFeatures: Ceiling Fan(s), Storage
- Roof: Shingle
- GarageYN: true
- AttachedGarageYN: true
- HeatingYN: true
- CoolingYN: true
- TenantPays: Cable TV, Electricity, Sewer, Water, Heating, 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
- Basement: Partial, Concrete, Unit 1 Basement, Unit 2 Basement, Unit 3 Basement, Unit 4 Basement, Unit 5 Basement, Unit 6 Basement
- 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
- NumberOfUnitsTotal: 7
- RoomsTotal: 36
- CurrentFinancing: Other
- OwnerPays: Grounds Care, Snow Removal
- PetsAllowed: Yes
- FarmLandAreaUnits: Square Feet
- TrashExpense: 0
- NumberOfUnitsLeased: 7
- CoveredSpaces: 6
- NumberOfBuildings: 7
- Cooling: Central Air
- OpenParkingYN: true
- ArchitecturalStyle: Other
- LotFeatures: Sloped, City/Town/Suburb
- ParkingFeatures: Garage, Concrete, Private, Unit 1 Garage, Unit 2 Garage, Unit 3 Garage, Unit 4 Garage, Unit 5 Garage, Unit 2 Garage TypeBasement), Unit 6 Garage TypeBasement), Unit 1 Garage TypeBasement), Unit 3 Garage TypeBasement), Unit 4 Garage TypeBasement), Unit 5 Garage TypeBasement), Unit 6 Garage
- BelowGradeFinishedArea: 0
- FuelExpense: 0
- InsuranceExpense: 0
- NumberOfSeparateElectricMeters: 7
- WaterSource: City, Bedford City Utilities
- OtherExpense: 0
- LaundryFeatures: Washer/Dryer Hookups, Unit 2 Laundry Room(Basement), Unit 3 Laundry Room(Basement), Unit 1 Laundry Room(Basement), Unit 4 Laundry Room(Basement), Unit 5 Laundry Room(Basement), Unit 6 Laundry Room(Basement)
- Sewer: City
- NumberOfSeparateWaterMeters: 7
- MlsStatus: Active
- Gas: Vectren Energy
- WaterfrontFeatures: No Water Features
- Electric: Duke Energy Indiana
- EntryLocation: Unit 1 Level(Combined),Unit 2 Level(Combined),Unit 3 Level(Main)
- TaxAnnualAmount: 5794
- ListPriceLow: 529900
- ElectricExpense: 55.82
- GrossIncome: 4890
- MaintenanceExpense: 3682.81
- NetOperatingIncome: 49057.29
- TotalActualRent: 58680
- WaterSewerExpense: 90.08