The Key to Buying or Selling
This spacious three-unit investment property in Springfield’s College Hill neighborhood offers strong income potential and a highly desirable location near Wittenberg University, just minutes from downtown Springfield, Snyder Park, Buck Creek, bike paths, and more. Built in 1913 with approximately 3,350 square feet, the property features two large units on the first and second floors, each offering 2 bedrooms with a possible 3rd bedroom, a large living area, and a kitchen. The third-floor unit includes 1 bedroom, a living area, kitchen, and bath.Current rental potential is impressive, with the first and second floor units renting for $1,500 per month each and the third-floor unit at $800 per month, creating a total potential gross income of $3,800 per month. Tenants pay their own gas and electric, while the landlord covers water, trash, and sewer.With its size, layout, location, and solid rental structure, this property presents a fantastic opportunity for an investor seeking strong cash flow and long-term upside.
