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122 N Parker Avenue

Springfield, IL 62702
  • $625,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: CA1029479
$625,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1985
County:
Area:

School Information

Description

Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.

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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: 2024-06-15T23:45:13.94.
www.kathygarst.com/homes/151118606
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122 N Parker Avenue Springfield, IL 62702

  • Price: $625,000
  • Status: Active
  • On Site: 16 Days
  • ID#: CA1029479
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1985
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.
Exterior Features

Construction Materials Vinyl Siding Parking Features Guest ParkingParking Pad Parking Total 15 Road Surface Type Paved Roof Shingle

Interior Features

Basement None Building Area Total 7800 Heating ElectricForced AirCentral Air Interior Features Cable AvailableHigh Speed Internet Laundry Features Units Hook-Ups Number Of Central Air Units 12 Number Of Electric Meters 12 Number Of Gas Meters 0 Number Of Heating Units 12 Number Of Ranges 12 Number Of Water Heaters 12 Numberof Refrigerators 12

Property Features

100 Year Plain No Additional Parcels Description 14-28.0-456-008 14-28.0-456-007 Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 0 Insurance Expense 440 Lease Term 1 YearMonth-to-MonthVarious Terms Lot Features Level Lot Size Dimensions 120x160 Manager On Site YN No Net Operating Income -14148 New Construction YN No Number Of Water Meters 3 Operating Expense 1260 Repossessed No Structure Type Apartment Building Tax Annual Amount 12887.62 Tax Legal Description L 22 COWGILLS ADDN L 24 COWGILLS ADDN L 26 COWGILLS ADDN Tax Year 2023 Tenant Pays Gas & Electric Trash Expense 200 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Jacque Combs of RE/MAX Professionals: Mobl: 217-416-7995.
© 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: 2024-06-15T23:45:13.94.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711