39
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$350,000
Est. payment /mo
5 Beds
3 Baths
3,708 SqFt
New
16 Columbus ST Bedford, OH 44146
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,708 sqft
Price per Sqft $94
Subdivision Bedford
MLS Listing ID 5229555
Bedrooms 5
Full Baths 1
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 2,765
Year Built 1920
Annual Tax Amount $4,018
Tax Year 2025
Lot Size 4,464 Sqft
Acres 0.1025
Property Sub-Type Triplex
Property Description
Generate $3,550/month in rental income today with projected cash flow of nearly $1,000/month after debt service using typical financing. Located in Historic Downtown Bedford, this fully occupied mixed-use investment offers diversified income with two street-level commercial suites and one spacious 5-bedroom, 1-bath apartment. The salon and boutique each pay $900/month on month-to-month leases and have expressed interest in renewing, giving new ownership the opportunity to secure longer lease terms while increasing rents. The remodeled residential unit rents for $1,750/month and features updated LVP flooring, new kitchen cabinets and countertops, in-suite laundry, and two new hot water tanks. The commercial spaces have also been tastefully updated by their tenants. Current financials produce a 7.58% cap rate with a projected 9.05% cap rate through market rent adjustments, equating to approximately $326 per unit, per month in projected cash flow after debt service before principal paydown. Walkable to restaurants, shops, parks, and local businesses with convenient access to I-271 and I-480. Complete financial package and video walkthrough available upon request.
Location
State OH
County Cuyahoga
Rooms
Basement Partial, Unfinished
Interior
Heating Hot Water, Steam
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Main Level
Exterior
Parking Features Driveway
Water Access Desc Public
Roof Type Asphalt,Flat
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More, Two
Schools
School District Bedford Csd - 1803
Others
Tax ID 812-13-002
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300
NEARBY SCHOOL & BUSINESS
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