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118 W Laurel Street

Springfield, IL 62704
  • $410,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: CA1033043
UPDATED: 37 min ago
$410,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Description

Grasp this opportunity to purchase 9 apartments and 4 commercial spaces with a massive parking lot! This building comes with plans and permits for removing balcony on front and sides as well as replacing rear balcony and stairs. Tons of updates both cosmetically and mechanically throughout! video tour available Each of the 4 commercial spaces is approximately 975 sqft on ground level! Seven of the apartments are approximately 590 sqft Six are located on top floor One is in lower level with egress. Two 2 bedroom apartments are approximately 902 sqft on lower level with egress. 8 apartments have in unit laundry hookups. The lot connecting to myrtle is also included.

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© 2024 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: 2024-12-07T21:45:05.68.
www.kathygarst.com/homes/157754293
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118 W Laurel Street Springfield, IL 62704

  • Price: $410,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 37 min ago
  • ID#: CA1033043
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1962
Built
Neighborhood:
Springfield
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
Grasp this opportunity to purchase 9 apartments and 4 commercial spaces with a massive parking lot! This building comes with plans and permits for removing balcony on front and sides as well as replacing rear balcony and stairs. Tons of updates both cosmetically and mechanically throughout! video tour available Each of the 4 commercial spaces is approximately 975 sqft on ground level! Seven of the apartments are approximately 590 sqft Six are located on top floor One is in lower level with egress. Two 2 bedroom apartments are approximately 902 sqft on lower level with egress. 8 apartments have in unit laundry hookups. The lot connecting to myrtle is also included.
Exterior Features

Construction Materials Brick Parking Features Alley AccessGuest ParkingOversizedParking Pad Parking Total 34 Roof RubberTar & Gravel

Interior Features

Basement DaylightEgress Window(s)Partially Finished Building Area Total 7800 Heating BaseboardElectricHeat PumpCentral AirWall Unit(s) Interior Features Storage Laundry Features Units Hook-Ups Number Of Central Air Units 2 Number Of Dishwashers 8 Number Of Dryers 0 Number Of Electric Meters 14 Number Of Gas Meters 0 Number Of Heating Units 13 Number Of Ranges 9 Number Of Washers 0 Number Of Water Heaters 13 Numberof Refrigerators 9

Property Features

100 Year Plain No Additional Parcels Description 22-04.0-254-011 Agent Owned No Disclosed Short Sale N Financing Conventional Gross Income 71400 Insurance Expense 3500 Lease Term Variable Lot Features Level Lot Size Dimensions 87x167 Manager On Site YN No Net Operating Income 46417 New Construction YN No Number Of Water Meters 1 Number Of Window Units 9 Operating Expense 15740 Repossessed No Structure Type Apartment BuildingOther Tax Annual Amount 9243.44 Tax Legal Description SAXERS S. SIDE ADDN L28-29 N 80' L 30 & S 87.50' L30 Tax Year 2023 Tenant Pays Electricity Trash Expense 1440 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Jay Myers of Real Broker, LLC: Pref: 217-960-8605.
© 2024 RMLS Alliance, LLC. All Rights Reserved.


© 2024 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: 2024-12-07T21:45:05.68.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711