Springfield Real Estate

INCREDIBLE INVESTMENT OPPORTUNITY to build your portfolio with this property including 2 separate duplexes with a total of 4 units. One duplex is 1,384 sq ft (two 1 BR 1 BA units each 692 sq ft). The other duplex is 1,752 sq ft (two 2 BR 1 BA units each 876 sq ft). Three of the units are on a lease through February 2025. The 4th unit (which is 1 BR 1 BA) will be vacant at closing. Rent income at the time of closing is $2,035 for the 3 occupied units. New owner could live in the fourth unit or rent it out for additional income. Another huge perk is that the property has been approved to add a 3rd duplex on the property for even more cash flow potential. Each unit has its own laundry area, baseboard heat, and window AC units which were new in 2018/2019. Utilities are metered separately and tenants' responsibility. Please do not disturb tenants. Only preapproved buyers. This is a great location close to colleges, C-Street shopping, restaurants, and entertainment. Instant cash flow on this income producing property with potential to grow even more. Whether you're looking to purchase and live in one unit while collecting rent in the others - or just looking for a great ROI for a 1031 or building your investment portfolio - this unique property is has so much to offer including a rare 8-10% cap rate! SHOWN BY APPT ONLY - DO NOT DISTURB TENANTS