$400,000
SOLD OCT 25, 2024

520-526 5th St Bedford, IN 47421

8 Beds
4 Baths
1,736 Sq Ft
0.53 Acres

Recently Sold

$230 Per Sq Ft

20% Below List Price

42 Days on Market

Highlights

  • 1 Car Attached Garage
  • Forced Air Heating and Cooling System
  • 1-minute walk to Murray Park
  • Tile Flooring
  • 1-Story Property

About This Home

As of October 2024

CURRENTLY RENTED, EXCELLENT TENANTS! - INVESTORS TAKE NOTICE! Very well maintained property with excellent rental income from one single location, two brick buildings housing a total of four units, low maintenance, excellent location, with attached garages and ample off street parking. Tenants enjoy many amenities including tile and laminate flooring, open floor plan, and easy access to all the conveniences. If you're an investor wanting to grow your portfolio, then this is a property you need to consider. Subject to tenants rights. Tenants pay Duke, CenterPoint Gas. Updated roof in 2010, updated HVAC in 2017 on 520-522 and 2018 on 524-526. 48 hour notice to show.

Last Agent to Sell the Property

Bobbi Benish

Benish Real Estate Group Brokerage Phone: 765-437-3650 Listed on: 08/07/2024

Last Buyer's Agent

Christina Root

Hawkins & Root Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,530

Year Built

  • Built in 1988

Lot Details

  • 0.53 Acre Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1,736 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Parkview Elementary School
  • Bedford Middle School
  • Bedford-North Lawrence High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for maintenance, water
  • Assessor Parcel Number 47-06-13-202-023.000-010

Community Details

Overview

  • 2 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Insurance Expense $2,745
  • Maintenance Expense $10,000
  • Water Sewer Expense $2,476

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,530

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Property Sub Type: Fourplex
  • Year Built: 1988
  • Age: 36
  • Style: One Story
  • Bedrooms: 8
  • Number Above Grade Bedrooms: 8
  • Total Bathrooms: 4
  • Total Full Bathrooms: 4
  • Legal Description: BAILEY LOT 17 18 & 19 150 X 155 3/19/15 Contract: Hoosier Property Solutio ns, LLC
  • Parcel Number ID: 47-06-13-202-023.000-010
  • Platted: Yes
  • Amenities: Water Heater Electric
  • Sp Lp Percent: 80.02
  • Annual Miscellaneous: 875
  • Monthly Gross Income: 3805
  • Year Taxes Payable: 2024
  • Special Features: None

Interior Features

  • Total Sq Ft: 1736
  • Total Finished Sq Ft: 1736
  • Above Grade Finished Sq Ft: 1736
  • Price Per Sq Ft: 230.41
  • Basement Foundation: Slab
  • Flooring: Laminate, Tile
  • Number Of Ranges Ovens: 4

Exterior Features

  • Exterior: Brick, Vinyl
  • Stories: 1

Garage/Parking

  • Number Of Parking Spaces: 8

Utilities

  • Cooling: Central Air
  • Heating Fuel: Electricity, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Annual Insurance Expense: 2744.7
  • Annual Maintenance Expense: 10000
  • Annual Water Sewer Expense: 2476.34

Condo/Co-op/Association

  • Pet Restrictions: Yes

Schools

  • School District: North Lawrence Community Schools
  • Elementary School: Parkview
  • Middle School: Bedford
  • High School: Bedford-North Lawrence
  • Elementary School: Parkview

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 0.53 acres
  • Estimated Lot Sq Ft: 23087
  • Estimated Lot Size Acres: 0.53

Rental Info

  • Lease Term: 1 Year
  • Owner Pays: Maintenance, Water
  • Tenant Pays: Electric, Fuel

Multi Family

  • Gross Monthly Rent: 3805
  • Number Of Refrigerators: 4
  • Number Of Units: 4
  • Num Of2 Bedrooms: 4
  • Num Of Units Rented: 4

Tax Info

  • Annual Property Tax: 7530

MLS Schools

  • High School: Bedford-North Lawrence
  • Middle School: Bedford
  • School District: North Lawrence Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Oct 25, 2024
Sold by
Hoosier Property Solutions Llc
Bought by
Helee Six Llc
Seller's Agent
Bobbi Benish
Benish Real Estate Group
Buyer's Agent
Christina Root
Hawkins & Root Real Estate
List Price
$499,900
Sold Price
$400,000
Premium/Discount to List
-$99,900
-19.98%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-33.87%

Purchase Details

Closed on
Feb 2, 2018
Sold by
Logsdon E
Bought by
Hoosier Llc
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $400,000 Classic Title Inc
Deed $200,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2025 05/14/25 For Sale $549,900 +37.5% $158 / Sq Ft
10/25/2024 10/25/24 Sold $400,000 -20.0% $230 / Sq Ft
08/07/2024 08/07/24 For Sale $499,900 -- $288 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,030 $401,500 $22,300 $379,200
2023 $7,530 $376,500 $21,600 $354,900
2022 $7,064 $353,200 $20,900 $332,300
2021 $6,372 $318,600 $19,800 $298,800
2020 $6,016 $300,800 $19,000 $281,800
2019 $5,710 $285,500 $18,300 $267,200
2018 $5,746 $287,300 $17,900 $269,400
2017 $5,512 $275,600 $17,600 $258,000
2016 $5,464 $273,200 $17,600 $255,600
2014 $5,168 $258,400 $17,600 $240,800
Source: Public Records

Agents Affiliated with this Home

  • Christina Root

    Seller's Agent in 2025

    Christina Root

    Hawkins & Root Real Estate

    (812) 583-1887

    254 Total Sales

    Christina Root
    Section Image
  • Bobbi Benish

    Seller's Agent in 2024

    Bobbi Benish

    Benish Real Estate Group

    (765) 437-3650

    188 Total Sales

    Bobbi Benish
    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202429786

Indiana Regional MLS

APN: 47-06-13-202-023.000-010

Indiana Lawrence County Bedford 47421

520-526 5th St, Bedford, IN

This home is located at 520-526 5th St, Bedford, IN 47421 and is currently priced at $400,000, approximately $230 per square foot. This property was built in 1988. 520-526 5th St is a home located in Lawrence County with nearby schools including Bedford North Lawrence High School, St. Vincent de Paul School, and Stone City Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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