Sold!
$1,940,000
32
Beds
22
Baths
22,316
Living Area
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Property Description
I am excited to introduce this tremendous investment opportunity in the heart of the historic Forest Park. The Property enjoys strong historical occupancy and has undergone renovations to most of the units leaving room for additional rent increases, already grossing over $258,000 annually the building offers a remarkable 22-unit property with a substantial 22,316 square feet of living space. 41-49 Belmont consists of a four-story brick building with 20 residential units comprised of 8 2-bedroom/1 bath units, 8 1-Bedroom/1-Bath units, 4 Studio units and a separate two-family with (2) 2 bedroom/ 1 bath units. updated hot water systems and 95% HTP condensing Hot water heater. The Property also offers a parking lot and an on site laundry facility. Residents will appreciate the convenience of nearby shops, restaurants, parks, and access to downtown Springfield, making it an ideal choice for small families and professionals. With Springfield's growth now is the time to stake your claim.
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Highlights
- Levels: 4
- Property Class: Residential Income
- Stories: 4
- Year Built: 1925
- Parking Spots: 16
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 94
- Status: Closed
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Additional Details
- Basement: Full
- Lot Features: Corner Lot
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: R3
- Foundation: Brick/Mortar
- Road Frontage Type: Public
- Total Number of Units: 22
- Year Built Source: Public Records
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Amenities
- Parking Features: Off Street, Paved
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $1,637,500
- Taxes: $25,676
- Tax Year: 2024
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