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$695,000
10
Beds
6
Baths
5,701
Living Area
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Property Description
Investment opportunity: Fully leased 6-family property near downtown Springfield with four 2-bedroom units and two 1-bedroom units. Several units have been renovated to high-end, modern condo-quality finishes, and others have been updated with new kitchens, floors, and bathrooms. All units have lead certificates. The property is professionally managed and has recently undergone updates including a brand new roof replaced in 2023, newly redone siding, and newly built front steps and porch. Tenants pay all utilities except for hot water. Currently, the property generates over $92k annually in gross rental income.
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Highlights
- Property Class: Residential Income
- Total Rooms: 22
- Status: Closed
- Property Type: 5-9 Family
- Year Built: 1924
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Additional Details
- Basement: Full
- Interior Features: Other, Living Room, Kitchen
- Total Number of Units: 6
- Year Built Source: Public Records
- Foundation: Block
- Lot Features: Corner Lot
- Year Built Details: Actual, Approximate
- Zoning: R3
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Amenities
- Community Features: Public Transportation, Other
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Utilities
- Sewer: Public Sewer
- Water Source: Public
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Fees / Taxes
- Assessed Value: $445,500
- Compensation Based On: Gross/Full Sale Price
- Tax Year: 2024
- Total Rent: $7,690
- Buyer Agent Compensation: 2%
- Rental Fee Includes: Unit 1(Hot Water), Unit 2(Hot Water), Unit 3(Hot Water), Unit 4(Hot Water)
- Taxes: $7,155
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Content © 2026 MLS Property Information Network, Inc. The information in this listing was gathered from third party resources including the seller and public records.
Listing information provided courtesy of ROVI Homes.
MLS Property Information Network, Inc. and its subscribers disclaim any and all representations or warranties as to the accuracy of this information.
