922 N 5th St Springfield, IL

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N Th St, Springfield, Home For Sale

Price: $185,000
Address: 922 N 5th St
City: Springfield
State: IL
Zip:
Bathrooms: 4
Bedrooms: 4
Fee: No
Provided By: RealtyWW

Description:

This great investment property with a strong ROI was under contract for over 2 months before the buyer lost his financing. List price reflects new roof installed May 2024. 8 Studio Units!! Great cash flow!! Don't miss out on this great investment property with great ROI! Units #5and6 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 and 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 and 3rd water heater installed in Unit 6 bathroom in 2023, furnace in cottage 2020, 5 Units have some new flooring 2021 and 2022, 3 units newer stoves 2021, current owner installed 5 showers in main building, 3 units have updated kitchen sink counter, basin and faucets

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