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520 E South Grand Avenue

Springfield, IL 62704
  • $849,900
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: CA1027775
UPDATED: 93 min ago
$849,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1931
County:
Area:

School Information

Description

There are 12 one bedroom apartments in this building. A full basement with laundry facility. All units are nicely furnished. This property is in GREAT shape!! The sellers expenses are as follows. 450.00 per month to CWLP. 450.00 per month to Ameren. 100.00 a month for trash service. 100.00 for lawn and snow. The units are leased on month to month leases. There are two boilers, and three water heaters. All units have at least one window units and the seller has more than 12 to convey with the sale of the property. There is a full basment. The laundry room is located in the basement. The roof was replaced 2 years ago. The expenses stated are estimated. For over ten years the building has been fully occupied with medical, capitol complex, and other state facilities.

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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: 2024-04-17T17:12:15.307.
www.kathygarst.com/homes/148441137
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520 E South Grand Avenue Springfield, IL 62704

  • Price: $849,900
  • Status: Active
  • On Site: 38 Days
  • Updated: 93 min ago
  • ID#: CA1027775
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1931
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
High School:
Springfield District #186
Property Description
There are 12 one bedroom apartments in this building. A full basement with laundry facility. All units are nicely furnished. This property is in GREAT shape!! The sellers expenses are as follows. 450.00 per month to CWLP. 450.00 per month to Ameren. 100.00 a month for trash service. 100.00 for lawn and snow. The units are leased on month to month leases. There are two boilers, and three water heaters. All units have at least one window units and the seller has more than 12 to convey with the sale of the property. There is a full basment. The laundry room is located in the basement. The roof was replaced 2 years ago. The expenses stated are estimated. For over ten years the building has been fully occupied with medical, capitol complex, and other state facilities.
Exterior Features

Construction Materials Brick Parking Features Parking Pad Parking Total 12 Road Surface Type Paved Roof Rubber

Interior Features

Basement FullUnfinished Building Area Total 7692 Heating Gas Water Heater Interior Features Cable AvailableFurnishedHigh Speed Internet Laundry Features Common AreaOwned Equipment Number Of Central Air Units 0 Number Of Dishwashers 0 Number Of Dryers 2 Number Of Electric Meters 12 Number Of Gas Meters 1 Number Of Heating Units 2 Number Of Ranges 12 Number Of Washers 2 Number Of Water Heaters 3 Numberof Refrigerators 12

Property Features

100 Year Plain No Agent Owned No Disclosed Short Sale N Financing Cash OnlyConventional Gross Income 133200 Gross Scheduled Income 132000 Insurance Expense 6000 Lease Term Month To Month Lot Features Level Lot Size Dimensions 50 X 150 ESTIMATED Manager On Site YN No Net Operating Income 103659 New Construction YN No Number Of Water Meters 1 Number Of Window Units 12 Operating Expense 19200 Structure Type Apartment Building Tax Annual Amount 10341.42 Tax Legal Description W 54' L 1 B 1 E. ILES SUB LANDS #1 Tax Year 2023 Trash Expense 1200 Type Residential Income Virtually Stage YN No Water Source Public SewerPublic

Listing provided courtesy of Lori Waggener of The Real Estate Group, Inc.: Pref: 217-341-6787.
© 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: 2024-04-17T17:12:15.307.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711