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624 Riley Blvd 26 Unit Apartment Building $2,514,150 CAD ($96,698 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 | $2,514,150 CAD | Apartment Style | Garden |
| Price Per Unit | $96,698 CAD | 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 | $2,514,150 CAD |
| Price Per Unit | $96,698 CAD |
| 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 | $1,153,111 CAD | |
| Land Assessment | $89,558 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,063,553 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$89,558 CAD
Improvements Assessment
$1,063,553 CAD
Total Assessment
$1,153,111 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
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624 Riley Blvd
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