Unique Investment Opportunity! This property features two separate homes on one parcel, making it a fantastic investment opportunity. Home 1: A two-bedroom, one-bathroom currently rented to a cash tenant for $850/month. Home 2: A one-bedroom, one-bathroom house, completely remodeled in late 2023, rented through Section 8 for $773/month. Both homes offer a great return on investment with stable tenants in place. Showings require 24-hour notice.
Welcome to 1300 North Grand Avenue, West Springfield, IL 62702, a charming ten-unit apartment complex offering spacious living in a convenient location. Current gross rent $7775/month. This all-brick building boasts ten meticulously designed units, each offering two bedrooms and one bath, ideal for both individuals and small families seeking comfort and convenience. Step inside any of these units, and you'll be greeted by modern interiors featuring sleek finishes and contemporary amenities. With an all-electric setup with central air and no natural gas service, residents enjoy energy-efficient living while minimizing environmental impact. Renovated to perfection, almost all units showcase updated fixtures, flooring, and appliances, ensuring a fresh and inviting atmosphere for every resident.
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 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 & 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.
Andrea D. Conner, License 471020674, Xome Inc., License 478026347, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067
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Springfield is located in Illinois. Springfield, Illinois has a population of 116,313. Springfield is less family-centric than the surrounding county with 23.77% of the households containing married families with children. The county average for households married with children is 27.08%.
The median household income in Springfield, Illinois is $51,789. The median household income for the surrounding county is $58,687 compared to the national median of $57,652. The median age of people living in Springfield is 38.9 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 38.4 inches per year, with 20.9 inches of snow per year.
