922 N 5th Street

Springfield, IL 62702

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 did not leak. The new list price is reflective of the new roof installed May 2024. 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.

This is an Active listing.

Broker Office Phone Number: 217-303-8445

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