131 E Southern Avenue,Springfield, OH 45505
Springfield, OH 45505
Description
SPACIOUS, RENOVATED SIDE-BY-SIDE DOUBLE WITH 7 BEDROOMS, 3 FULL BATHS AND ESTIMATED GROSS RENTAL POTENTIAL OF $2,400 PER MONTH. Offering approximately 3,242 square feet, 131 E Southern features 4 bedrooms and 2 full baths, while 133 E Southern offers 3 bedrooms and 1 full bath. The 133 side has been completely remodeled with a new kitchen, new bathroom, new flooring throughout, fresh paint, new doors, LED lighting, switches and outlets. The 131 side has also undergone substantial improvements. Major capital items have already been addressed, including a brand-new roof, vinyl windows throughout, and separately metered gas and electric. Exterior improvements include fresh paint and repairs to the aluminum siding. Both units offer tall ceilings, spacious rooms, covered front porches and backyard access. With no tenants above or below, the side-by-side layout provides added privacy. Estimated market rents are $1,250 for the 4-bedroom, 2-bath unit and $1,150 for the renovated 3-bedroom, 1-bath unit, creating potential gross income of $28,800 annually. Owner pays water; occupants pay separately metered gas and electric. An excellent opportunity for an investor seeking a substantially improved rental or an owner-occupant looking to offset the mortgage with income from the adjoining unit. Conveniently located near South Limestone Street, downtown Springfield and I-70.
Details
| MLS # | 226031643 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 48 |
| Listing Provided By | Coldwell Banker Heritage | Arthur A Solomon |
Features
| Units | 2 |
|---|---|
| Acreage | 0.02 |
Taxes
| Property | 531 |
|---|
Area Information
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45505 |
| School District | SPRINGFIELD CSD 1206 CLA CO. |
| High School | SPRINGFIELD CSD 1206 CLA CO. |
| Listing VS Median (in 45505) | |
Price: $124,900 low | high Med: $219,000 On site: 48 low | high Med: 13 | |
Market Activity 45505
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Learn More About This Property
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45505 |
| School District | SPRINGFIELD CSD 1206 CLA CO. |
| High School | SPRINGFIELD CSD 1206 CLA CO. |
| Listing VS Median (in 45505) | |
Price: $124,900 low | high Med: $219,000 On site: 48 low | high Med: 13 | |
