140 Chestnut St #319
$115,000
2
Beds
1
Bath
760
Sqft
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$115,000
2
Beds
1
Bath
760
Living Area
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Property Description
Investor Alert! Rarely can you purchase a cash-flow-focused condo for under $125,000 in today's market. This investor-friendly property offers no long-term rental restrictions, giving you the flexibility to maximize your investment strategy. Well-suited for Section 8, HomeBASE, and other voucher programs, it provides access to a strong and consistent tenant pool. The HOA includes heat, hot water, Wi-Fi, seasonal A/C, water, trash, and common area maintenance, helping keep operating expenses low and cash flow strong. Ideally located in downtown Springfield near MGM, Union Station, major hospitals, restaurants, and highways, the property benefits from consistent rental demand. Whether you're a first-time investor or an experienced buyer looking to expand your portfolio, this is an affordable opportunity to secure a high-potential, income-producing asset.
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Highlights
- Building Name: Kimball Towers
- Heating: Central
- Property Class: Residential
- Stories: 1
- Unit Number: 319
- Status: Active
- Cooling: Central Air
- HOA Fee: $726
- Property Type: Condominium
- Total Rooms: 5
- Year Built: 1910
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Additional Details
- Appliances: Range, Dishwasher, Microwave, Refrigerator
- Flooring: Vinyl
- Total Number of Units: 132
- Year Built Source: Public Records
- Basement: N
- SqFt Source: Public Record
- Year Built Details: Approximate
- Zoning: B3
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Amenities
- Community Features: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
- Parking Features: Under, Heated Garage, Off Street, Rented
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $78,600
- Tax Year: 2025
- HOA Fee Includes: Heat, Water, Security, Snow Removal, Trash
- Taxes: $1,232
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Listing information provided courtesy of NextHome Elite Realty.
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