16 Columbus ST, Bedford, OH 44146
16 Columbus ST, Bedford, OH 44146
16 Columbus ST, Bedford, OH 44146
39
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$335,000
Est. payment /mo
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5 Beds
3 Baths
3,708 SqFt
Price Dropped by $15K

16 Columbus ST Bedford, OH 44146

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Brett Pickens

Brett Pickens

+1(419) 681-2080

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,708 sqft

Price per Sqft $90

Subdivision Bedford

MLS Listing ID 5229555

Bedrooms 5

Full Baths 1

Half Baths 2

HOA Y/N No

Abv Grd Liv Area 2,765

Total Fin. Sqft 3708

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

Garage false

Private Pool No

Building

Story 3

Entry Level Three Or More,Two

Sewer Public Sewer

Water Public

Level or Stories Three Or More, Two

Schools

School District Bedford Csd - 1803

Others

Tax ID 812-13-002

VOW - Northern Ohio Regional MLS (YES-MLS) /MLS Now
Listed by Erin Thomas • Keller Williams Living • Erinthomas@kwcommercial.com, 440-670-2300
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Brett Pickens

Brett Pickens

Realtor® License ID: 2019007524

+1(419) 681-2080

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16 Columbus ST