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191 Center Rd 12 Unit Apartment Building $969,000 ($80,750/Unit) 9.29% Cap Rate Bedford, OH 44146
Investment Highlights
- Street visibility
- near police dept.
- large 2 bed units
Executive Summary
Great first building for a local operator. Blended rents avg. $1018 per month. 12 units all of which are large 2/1s that rent easily. Safe neighborhood next to Bedford Police dept.. Has some deferred maintenance but nothing preventing renting units. Plenty of meat on the bone here for a cap ex value ad play.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$90,000
|
$7.43
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $90,000 |
| Annual Per SF | $7.43 |
Property Facts
| Price | $969,000 | Building Class | C |
| Price Per Unit | $80,750 | Lot Size | 0.94 AC |
| Sale Type | Investment | Building Size | 12,112 SF |
| Cap Rate | 9.29% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Bedford | ||
| Price | $969,000 |
| Price Per Unit | $80,750 |
| Sale Type | Investment |
| Cap Rate | 9.29% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 12,112 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R3, Bedford |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | 870 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 812-10-008 | Improvements Assessment | $127,645 (2025) |
| Land Assessment | $57,120 (2025) | Total Assessment | $184,765 (2025) |
Property Taxes
Parcel Number
812-10-008
Land Assessment
$57,120 (2025)
Improvements Assessment
$127,645 (2025)
Total Assessment
$184,765 (2025)
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191 Center Rd