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624 Riley Blvd 13 Unit Apartment Building $2,582,452 CAD ($198,650 CAD/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 (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,582,452 CAD | Apartment Style | Garden |
| Price Per Unit | $198,650 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.00 AC |
| Cap Rate | 7.57% | Building Size | 18,896 SF |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 2.75/1,000 SF |
| Zoning | R3 | ||
| Price | $2,582,452 CAD |
| Price Per Unit | $198,650 CAD |
| Sale Type | Investment |
| Cap Rate | 7.57% |
| No. Units | 13 |
| 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 |
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 | 13 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 47-06-12-300-099.000-010 | Total Assessment | $699 CAD (2024) |
| Land Assessment | $699 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2024) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
47-06-12-300-099.000-010
Land Assessment
$699 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$699 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
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624 Riley Blvd
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