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$ 119,900
Est. payment | /mo
4 Beds
3 Baths
2,373 SqFt
$ 119,900
Est. payment | /mo
4 Beds
3 Baths
2,373 SqFt
Key Details
Property Type Multi-Family
Sub Type 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,373 sqft
Price per Sqft $50
MLS Listing ID 960000
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1920
Annual Tax Amount $996
Lot Size 2,827 Sqft
Lot Dimensions .0649 acres
Property Sub-Type 2-4 Units
Property Description
Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking.
The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.
The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.
Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.
With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.
The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.
The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.
Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.
With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.
Location
State OH
County Clark
Zoning Residential
Rooms
Basement Crawl Space, Partial, Unfinished
Interior
Heating Forced Air, Natural Gas
Cooling None
Exterior
Parking Features None
Building
Structure Type Vinyl
Schools
School District Springfield
Listed by Roost Real Estate Co