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Bedford Automile 4-Unit 579 Broadway Ave 4 Unit Apartment Building $269,900 ($67,475/Unit) Bedford, OH 44146
Investment Highlights
- Recently updated with fresh paint, refinished hardwood floors, new appliances, and flooring throughout—no immediate capex needed
- Proforma rents total $3,700/month, with additional $200/month from garage/parking—projected annual gross income of $46,800
- Situated near the Bedford Automile with excellent access to retail, dining, and entertainment—highly desirable for tenants
- Four fully independent units including (2) studios, (1) 1-bed/1-bath, and (1) 2-bed/1-bath, appealing to a diverse tenant base
- Owner-Occupant Opportunity: 1-bed unit is currently vacant
- Sought-after residential area with consistent rental demand and limited inventory for quality multi-family properties
Executive Summary
Amazing opportunity to purchase a completely updated and rent-ready 4-unit in the sought-after city of Bedford! Positioned conveniently near the Bedford automile, this property offers seamless access to urban conveniences like shopping, dining, and entertainment, while maintaining a serene residential charm. With one beautiful unit being vacant (1 bed 1 bath) this is a perfect opportunity to live in one unit and let the income from the other 3 units pay your mortgage! The property is comprised of two studios with full kitchens and bathrooms (proforma of $750 each per month), a 1-bed/1-bath ($1000/month proforma) and a 2-bed, 1-bath ($1,200/month proforma). The owner currently charges $200 for parking / garage spots per month from neighbors. The owner is responsible for all utilities at the property since there is only one set of meters. The property has ample updates including paint, refinished hardwood floors and new flooring, new appliances and so much more. This is the perfect turnkey investment property to add to your growing portfolio or as a first-time investor!
Property Facts
| Price | $269,900 | Building Class | C |
| Price Per Unit | $67,475 | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 3,153 SF |
| No. Units | 4 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1894 |
| Apartment Style | Low-Rise | Parking Ratio | 2.54/1,000 SF |
| Zoning | B-2 | ||
| Price | $269,900 |
| Price Per Unit | $67,475 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 3,153 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1894 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | B-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 812-06-012 | Improvements Assessment | $36,715 |
| Land Assessment | $15,785 | Total Assessment | $52,500 |
Property Taxes
Parcel Number
812-06-012
Land Assessment
$15,785
Improvements Assessment
$36,715
Total Assessment
$52,500
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Bedford Automile 4-Unit | 579 Broadway Ave
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