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405 N Daniel Street , 201, 205

Springfield, IL 62702
  • $260,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: CA1028660
UPDATED: 147 min ago
$260,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1930
County:
Area:

School Information

Description

Investors, seize the opportunity with this portfolio of four lucrative single-family homes! Each property boasts excellent rental potential, with two already occupied units, ready for a rent increase to align with current market rates. The first property offers a freshly updated 1BR & 1BA layout, easily convertible to 2BR, featuring a full basement, main level laundry hookups, off-street parking, and a charming backyard with shed & covered patio. The second and third properties, both 2BR/1BA, feature off-street parking, spacious backyards with sheds, and are either soon-to-be-vacant or currently rented below market value. Lastly, the fourth property presents a 2BR/1BA layout with a huge fenced yard and a detached 2-car garage, currently rented at a rate significantly below its income potential. Don't miss out on this rare opportunity to capitalize on under-rented units within a convenient block radius!

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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: 2024-05-23T23:45:03.483.
www.kathygarst.com/homes/149735464
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405 N Daniel Street , 201, 205 Springfield, IL 62702

  • Price: $260,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 147 min ago
  • ID#: CA1028660
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1930
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
Investors, seize the opportunity with this portfolio of four lucrative single-family homes! Each property boasts excellent rental potential, with two already occupied units, ready for a rent increase to align with current market rates. The first property offers a freshly updated 1BR & 1BA layout, easily convertible to 2BR, featuring a full basement, main level laundry hookups, off-street parking, and a charming backyard with shed & covered patio. The second and third properties, both 2BR/1BA, feature off-street parking, spacious backyards with sheds, and are either soon-to-be-vacant or currently rented below market value. Lastly, the fourth property presents a 2BR/1BA layout with a huge fenced yard and a detached 2-car garage, currently rented at a rate significantly below its income potential. Don't miss out on this rare opportunity to capitalize on under-rented units within a convenient block radius!
Exterior Features

Construction Materials Aluminum SidingOtherVinyl Siding Parking Features DetachedOther Parking Total 10 Road Surface Type Paved Roof Shingle

Interior Features

Basement Unfinished Building Area Total 3000 Heating Forced AirCentral Air Interior Features Cable Available Laundry Features Private Number Of Central Air Units 4 Number Of Electric Meters 4 Number Of Gas Meters 4 Number Of Heating Units 4 Number Of Water Heaters 4

Property Features

100 Year Plain Unknown Additional Parcels Description 14-25.0-357-026 14-25.0-353-057 14-25.0-353-009 Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventionalOther Gross Income 0 Insurance Expense 0 Lease Term Variable Lot Features Level Lot Size Dimensions 40 X 120 / 50 X 120 Manager On Site YN No Net Operating Income -4264 New Construction YN No Number Of Water Meters 4 Operating Expense 0 Repossessed No Structure Type Other Tax Annual Amount 4264 Tax Legal Description L77L78 & L174 Spaulding Capital Park Addn/Lot 199 & S 11' Lot 200 Spaulding Capital Park Addn Tax Year 2022 Tenant Pays All Utilities Trash Expense 0 Type Residential Income Virtually Stage YN No Water Source Public SewerPublic Zoning RESIDENTIAL

Listing provided courtesy of Kyle Killebrew of The Real Estate Group, Inc.: Mobl: 217-741-4040.
© 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: 2024-05-23T23:45:03.483.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711