35
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$134,900
Est. payment /mo
871 Sqft Lot
New
131 E Southern Avenue Springfield, OH 45505
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226031643
Year Built 1890
Annual Tax Amount $531
Lot Size 871 Sqft
Lot Dimensions 0.02
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property 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, two high-efficiency furnaces, vinyl windows throughout, separate 100-amp electrical service for each unit, 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.
Location
State OH
County Clark
Area 0.02
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling None
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Springfield Csd 1206 Cla Co.
School District Springfield Csd 1206 Cla Co.
Others
Tax ID 3400700034420007
Listed by Arthur A Solomon Coldwell Banker Heritage
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