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1025 S 5TH Street

Springfield, IL 62703
  • $565,000
  • STATUS: Active Under Contract
  • ON SITE: 116 Days
  • ID#: CA1010128
Under Contract
UPDATED: 36 min ago
$565,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

Description

Great opportunity to own a strong income producing property with several units ready to be rented. Currently 2 units rented at $650/mo. On site laundry room, large lot for off the street parking, spacious front office building with 2 possible bathrooms that need work. Convenient downtown location with a couple units needing to be finished. The north side apartment building has been well maintained. Must see the possibilities in this spectacular income property.

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© 2022 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2022-01-19T22:44:55.927.
www.kathygarst.com/homes/121742146
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1025 S 5TH Street Springfield, IL 62703

  • Price: $565,000
  • Status: Active Under Contract
  • On Site: 116 Days
  • Updated: 36 min ago
  • ID#: CA1010128
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Springfield
County:
Sangamon
Area:
Springfield
Property Description
Great opportunity to own a strong income producing property with several units ready to be rented. Currently 2 units rented at $650/mo. On site laundry room, large lot for off the street parking, spacious front office building with 2 possible bathrooms that need work. Convenient downtown location with a couple units needing to be finished. The north side apartment building has been well maintained. Must see the possibilities in this spectacular income property.
Exterior Features

Exterior Finish Other Exterior Finish Frontage Access City Street Roof Construction MetalRolled Wall Construction Other Wall Construction

Interior Features

Common Laundry Yes Cooling Individual Units Flooring CarpetedTile/Vinyl Heating Individual Units Insulation Unknown

Property Features

100 Year Flood Plain No Annual Taxes 14742.5 Building Description 2 StoryMulti-Tenant Exemptions None For Lease No For Sale Yes Foreclosure No Location Downtown Net Operating Income 0 Number Of Buildings 2 Ownership Individual Possible Financing ConventionalSubj To Tenants Rights Property Use Office Building Sale Lease Includes Building Sale Rent For Sale Sewer Source Public Sewer Short Sale No Tax Incentive None Total Num Units 16 Type Commercial/Cie Type1 Multi-Family Water Supply City On Premises Zoning R5-B

Listing provided courtesy of Dawn Stremsterfer of The Real Estate Group, Inc..
© 2022 RMLS Alliance, LLC. All Rights Reserved.


© 2022 RMLS Alliance, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Kathy Garst Sales Team | The Real Estate Group. Data last updated: 2022-01-19T22:44:55.927.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711