912 S 5TH St, Springfield, IL 62703 Homes for Sale

For Sale

$490,000

• 0 beds
• 0 baths
• 7688 Sq Ft

912 S 5TH Street,
Springfield, IL, 62703

Latitude 39.791881 - Longitude -89.6492

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Overview

Listing Status Pending

MLS CA1028532

Property Type

Other

Year built

1930

Total rooms

0

Lot size

0 Acres

Time on NeighborWho

36 days

Stories

-

Price per Sq Ft

$64

Parking

8e0 car garage

Basement

-

About 912 S 5TH Street, Springfield, IL

Discover a prime investment opportunity with this charming collection of eight townhouse-style units, constructed in 1930 and meticulously maintained to meet contemporary standards. Situated adjacent to the Springfield Clinic, this property benefits from a desirable location that promises consistent tenant interest. The current owner has invested... thoughtfully in extensive upgrades to enhance tenant comfort and property value. Units feature brand-new exterior doors and windows that not only improve aesthetics but also increase energy efficiency. The addition of high-grade insulation, state-of-the-art hybrid water heater, and seven new mini-split heating and cooling systems ensure year-round comfort at a lower energy cost. High-efficiency wall-mounted heaters have been installed, alongside updated appliances, adding to the modern conveniences of each home. A newly installed laundry room with coin-operated machines offers additional revenue potential and convenience for residents. The meticulous attention to detail in maintaining and upgrading each aspect of the property makes it an exceptional choice for investors seeking a turnkey solution in a high-demand area. Please note that the current owner has opted to keep rents below market value due to long-standing relationships with tenants, presenting a significant upside potential for rent increases post-acquisition. Capitalize on the low turnover rate and high demand in this location. Read more

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