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$ 250,000
Est. payment | /mo
5 Beds
5 Baths
4,970 SqFt
$ 250,000
Est. payment | /mo
5 Beds
5 Baths
4,970 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,970 sqft
Price per Sqft $50
MLS Listing ID 948092
Bedrooms 5
Full Baths 5
Year Built 1893
Annual Tax Amount $2,906
Lot Size 0.289 Acres
Lot Dimensions 0.289AC
Property Sub-Type 2-4 Units
Property Description
Excellent investment opportunity in the heart of Springfield's South Limestone corridor! This four-family property generates a strong net income of $30,064.90 annually (excluding debt service and capital improvements), offering investors immediate cash flow in a historically stable rental market. The property consists of four units, with Unit 913 currently vacant and available for viewing, ideal for owner-occupants or easy lease-up. Recent capital improvements include updated flooring and four brand-new HVAC systems, providing modern comfort and reducing future maintenance costs. The owner currently pays all utilities, streamlining tenant management. Located just minutes from downtown Springfield, the property is surrounded by key amenities: School of Innovation, Global Impact STEM Academy, Wittenberg University and Clark State College are all nearby, making the location attractive for student and workforce renters. Dining and retail options such as Los Mariachis Mexican Restaurant, Lee's Famous Recipe Chicken, Family Dollar, Kroger, and CVS are within a 5-minute drive, as are major bus lines and parks including Veterans Park and Davey Moore Park. With steady rental demand and room to optimize expenses, this multifamily is ideal for investors seeking consistent yield and value-add potential. Schedule your showing today and don't miss the chance to add a high-performing 4-unit to your portfolio.
Location
State OH
County Clark
Zoning Residential,Historic
Rooms
Basement Cellar
Interior
Heating Heat Pump
Cooling Central
Exterior
Parking Features None
Utilities Available 220 Volt Outlet, City Water, Natural Gas
Building
Structure Type Frame
Schools
School District Springfield
Listed by Keller Williams Community Part
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