Ed Bowen, Broker
This listing was posted on RealtyWW.
$185,000
Home For Sale In Springfield, Illinois
Price:
$185,000
BR/BA:
4 BA
Location:
922 N 5th St, Springfield, IL
Description:
This great investment property with a strong ROI was under contract for over 2 months before the buyer said he couldn't come up with the cash needed to close. The previous list price reflected the roof being at the end of its life, although it does not leak. The new list price is reflective of the new roof to be installed soon. Property has been inspected with repairs made and has been through the appraisal process. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5and6 rent for $580 each a month and Cottage #7 rents for $530 and Cottage #8 $580 a month. Rents include all utilities, making these units very desirable for tenants. Water and sewer expense is included in the electric amount (CWLP). Long term tenants: 4 years, 2-5year tenants and 8 years. All the units have a separate kitchen/bath area, kitchens are not in the same room as the living room/sleep area. Updates: water heaters 1 each in both buildings 2022 and 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 and 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin and faucets, electric panel in main building 2021. Both basements are dry and have never flooded. Sold AS-IS.For more details: https://realtyww.info/homes_springfield-d523560/for-sale_i71060047
Property Type:
Single-Family Houses
Posted:
April 25 on RealtyWW
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More About this Listing: Home For Sale In Springfield, Illinois
Home For Sale In Springfield, Illinois is a 4.5 Bath Single-Family Homes for Sale at 922 N 5th St in Springfield IL. Find other listings like Home For Sale In Springfield, Illinois and listings near 922 N 5th St by searching Oodle Classifieds for 4.5 Bath Single-Family Homes for Sale in Springfield IL.
Home For Sale In Springfield, Illinois is a 4.5 Bath Single-Family Homes for Sale at 922 N 5th St in Springfield IL. Find other listings like Home For Sale In Springfield, Illinois and listings near 922 N 5th St by searching Oodle Classifieds for 4.5 Bath Single-Family Homes for Sale in Springfield IL.