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922 N 5TH Street

Springfield, IL 62702
  • $185,000
  • STATUS: Active
  • ON SITE: 202 Days
  • ID#: CA1025832
UPDATED: 113 min ago
$185,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1870
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

This great investment property with a strong ROI was under contract for over 2 months before the buyer lost his financing. The previous list price reflected the roof being at the end of its life, although it does not leak. The new list price is reflective of the new roof to be installed soon. Property has been inspected with repairs made and has been through the appraisal process. Inspection available, being sold as reported. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5&6 rent for $580 each a month and Cottage #7 rents for $530 and Cottage #8 $580 a month. Rents include all utilities, making these units very desirable for tenants. Water & sewer expense is included in the electric amount (CWLP). Long term tenants: 4 years, 2-5year tenants and 8 years. All the units have a separate kitchen/bath area, kitchens are not in the same room as the living room/sleep area. Updates: water heaters 1 each in both buildings 2022 & 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 & 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin & faucets, electric panel in main building 2021. Both basements are dry and have never flooded. Sold AS-IS.

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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: 2024-05-25T11:45:29.407.
www.kathygarst.com/homes/145007490
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922 N 5TH Street Springfield, IL 62702

  • Price: $185,000
  • Status: Active
  • On Site: 202 Days
  • Updated: 113 min ago
  • ID#: CA1025832
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1870
Built
Neighborhood:
None
County:
Sangamon
Area:
Springfield
Elementary School:
Mcclernand
Middle School:
Us Grant
High School:
Lanphier High School
Property Description
This great investment property with a strong ROI was under contract for over 2 months before the buyer lost his financing. The previous list price reflected the roof being at the end of its life, although it does not leak. The new list price is reflective of the new roof to be installed soon. Property has been inspected with repairs made and has been through the appraisal process. Inspection available, being sold as reported. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5&6 rent for $580 each a month and Cottage #7 rents for $530 and Cottage #8 $580 a month. Rents include all utilities, making these units very desirable for tenants. Water & sewer expense is included in the electric amount (CWLP). Long term tenants: 4 years, 2-5year tenants and 8 years. All the units have a separate kitchen/bath area, kitchens are not in the same room as the living room/sleep area. Updates: water heaters 1 each in both buildings 2022 & 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 & 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin & faucets, electric panel in main building 2021. Both basements are dry and have never flooded. Sold AS-IS.
Exterior Features

Construction Materials Abestos Parking Features On Street Parking Total 3 Road Surface Type Curbs & Gutters Roof Shingle

Interior Features

Basement Full Building Area Total 3176 Heating Forced AirGas Interior Features Cable Available Laundry Features None Number Of Central Air Units 0 Number Of Dishwashers 0 Number Of Dryers 0 Number Of Electric Meters 1 Number Of Gas Meters 2 Number Of Heating Units 2 Number Of Ranges 8 Number Of Washers 0 Number Of Water Heaters 3 Numberof Refrigerators 8

Property Features

100 Year Plain No Agent Owned Yes Disclosed Short Sale N Gross Income 53880 Gross Scheduled Income 53880 Insurance Expense 3051 Lease Term Month To Month Lot Features Level Lot Size Dimensions 60 X 179 Manager On Site YN No Net Operating Income 36490 New Construction YN No Number Of Water Meters 1 Number Of Window Units 0 Operating Expense 14927 Repossessed No Structure Type Two or More StoryOther Tax Annual Amount 2463 Tax Legal Description N 60' S 69' L 6 B 5 ROBT ALLENS ADDN Tax Year 2022 Tenant Pays No Utilities Trash Expense 1812 Type Residential Income Water Source Public SewerPublic

Listing provided courtesy of Edward Bowen of Keller Williams Capital: Mobl: 217-414-3509.
© 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: 2024-05-25T11:45:29.407.
 
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Kathy Garst Sales Team | The Real Estate Group
3701 W. Wabash Ave
Springfield IL, 62711