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$185,000
Est. payment /mo
5 Beds
3 Baths
3,350 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Pending
Purchase Type For Sale
Square Footage 3,350 sqft
Price per Sqft $55
MLS Listing ID 956418
Bedrooms 5
Full Baths 3
Year Built 1913
Annual Tax Amount $7,488
Lot Size 4,051 Sqft
Lot Dimensions 67x65x42x12x25x53
Property Sub-Type 2-4 Units
Property Description
Welcome to College Hill Neighborhood! Great 3 unit property, currently 2nd & 3rd floor are occupied. 1st Floor unit is rents at $1500 per month, 2nd Floor $1500 & 3rd Floor $800.00 per month. The 1st and 2nd floor same floor plan with 2 bedrooms with potential 3 bedrooms. 3rd floor unit is a 1 bedroom and rented for $800.00 per month. $3800/month. Great Investment property. The roof has been updated approximately 6 years ago. There is a second lot directly adjacent to the east for extra parking or part can be fenced for a private side yard. This location is conveniently located between N Fountain and East to Limestone, literally down the street from Wittenberg University campus. Minutes from Downtown Springfield, Snyder Park, Buck Creek, Bike path and much more.
This spacious three-unit investment property in Springfield's College Hill neighborhood offers strong income potential and a highly desirable location near Wittenberg University, just minutes from downtown Springfield, Snyder Park, Buck Creek, bike paths, and more. Built in 1913 with approximately 3,350 square feet, the property features two large units on the first and second floors, each offering 2 bedrooms with a possible 3rd bedroom, a large living area, and a kitchen. The third-floor unit includes 1 bedroom, a living area, kitchen, and bath.
Current rental potential is impressive, with the first and second floor units renting for $1,500 per month each and the third-floor unit at $800 per month, creating a total potential gross income of $3,800 per month. Tenants pay their own gas and electric, while the landlord covers water, trash, and sewer.
With its size, layout, location, and solid rental structure, this property presents a fantastic opportunity for an investor seeking strong cash flow and long-term upside. Property being sold in as-is condition.
This spacious three-unit investment property in Springfield's College Hill neighborhood offers strong income potential and a highly desirable location near Wittenberg University, just minutes from downtown Springfield, Snyder Park, Buck Creek, bike paths, and more. Built in 1913 with approximately 3,350 square feet, the property features two large units on the first and second floors, each offering 2 bedrooms with a possible 3rd bedroom, a large living area, and a kitchen. The third-floor unit includes 1 bedroom, a living area, kitchen, and bath.
Current rental potential is impressive, with the first and second floor units renting for $1,500 per month each and the third-floor unit at $800 per month, creating a total potential gross income of $3,800 per month. Tenants pay their own gas and electric, while the landlord covers water, trash, and sewer.
With its size, layout, location, and solid rental structure, this property presents a fantastic opportunity for an investor seeking strong cash flow and long-term upside. Property being sold in as-is condition.
Location
State OH
County Clark
Zoning Residential
Rooms
Basement Cellar
Interior
Heating Gravity
Cooling None
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas, Sanitary Sewer, Storm Sewer
Building
Structure Type Frame,Wood
Schools
School District Springfield
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Listed by Howard Hanna Real Estate Serv
Nearby Locations
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The Woodrow Group At Realistar
Broker | License ID: 658008071
Broker License ID: 658008071