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624 Riley Blvd 26 Unit Apartment Building $1,850,000 ($71,154/Unit) 7.57% Cap Rate Bedford, IN 47421
Investment Highlights
- Light Value-add with Washer/Dryer hookups
- Late 1980s construction
- 8 Water Heaters replaced in last 2 years
- 7.57% going-in cap rate
- All duplex units, separate exterior entrances
- 10 A/C units have been replaced in last 2 years
Financial Summary (Pro Forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,850,000 | Apartment Style | Garden |
| Price Per Unit | $71,154 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 7.57% | Building Size | 18,896 SF |
| No. Units | 26 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Zoning | R3 - Residential | ||
| Price | $1,850,000 |
| Price Per Unit | $71,154 |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.00 AC |
| Building Size | 18,896 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Parking Ratio | 2.75/1,000 SF |
| Zoning | R3 - Residential |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Washer/Dryer Hookup
- Ceiling Fans
- High Speed Internet Access
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 26 | - | - |
1 1
Property Taxes
| Parcel Numbers | Total Assessment | $848,500 | |
| Land Assessment | $65,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $782,600 | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$65,900
Improvements Assessment
$782,600
Total Assessment
$848,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025 Payable 2025
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624 Riley Blvd
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