$185,000
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922 N 5th Street Springfield, IL 62702
Cluster
Residence
Beds
Baths
...
Bed/Bath
3,176
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
This great investment property with a strong ROI was under contract for over 2 months before the buyer lost his financing. List price reflects new roof installed May 2024. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5&6 rent for $580 eac...h 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 & 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 & 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 & 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin & faucets, electric panel in main building 2021. Basement is dry and has never flooded. Sold AS-IS.
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MLS#
CA1025832
Property Type
Cluster
Year Built
1870
Square Feet
3,176
sq. ft
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