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Property
Beds
6
Full Baths
6
1/2 Baths
None
Year Built
1952
Sq.Footage
2,907
Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. Schedule your private showing today with your preferred real estate professional!
Features & Amenities
Interior
-
Total Bedrooms
6
-
Bathrooms
6
Area & Lot
-
Lot Features
Cleared, Corner Lot
-
Lot Size(acres)
0.31
-
Property Type
Residential
-
Architectural Style
Traditional
Exterior
-
Garage
No
Financial
-
Sales Price
$605,000
-
Zoning
Resid Multi-Family
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Location
County
Bay
Elementary School
Cherry Street
Middle School
Everitt
High School
Rutherford
Listing Courtesy of Kaci A Hawes , ERA Neubauer Commercial
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Licensed Realtor
KristiLindgren
Call Kristi today to schedule a private showing.
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