579 Broadway Ave - Apartments FOR SALE


Bedford, OH 44146
$269,900 USD
440-526-9400
579 Broadway Ave, Bedford, OH for Sale
$269,900 USD
Apartments - FOR SALE
1/53
null | Request Cap Rate

579 Broadway Ave
Bedford, OH 44146


HIGHLIGHTS

  • Recently updated with fresh paint, refinished hardwood floors, new appliances, and flooring throughout—no immediate capex needed
  • Four fully independent units including (2) studios, (1) 1-bed/1-bath, and (1) 2-bed/1-bath, appealing to a diverse tenant base
  • Proforma rents total $3,700/month, with additional $200/month from garage/parking—projected annual gross income of $46,800
  • Owner-Occupant Opportunity: 1-bed unit is currently vacant
  • Situated near the Bedford Automile with excellent access to retail, dining, and entertainment—highly desirable for tenants
  • Sought-after residential area with consistent rental demand and limited inventory for quality multi-family properties

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$269,900 USD

PRICE/SF

$86 USD /SF

# OF UNITS

4

PRICE/UNIT

$67,475

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bedford Automile 4-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1894

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,286 SF

ZONING

B-2

APN/PARCEL ID

812-06-012

ASK ABOUT THIS PROPERTY

Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

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Ted ShoafRussell Real Estate ServicesMore Info
440-526-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.