724 5TH ST Springfield, IL 62702

  • Listing Price: $2,000,000.00

    Listing MLS ID: 2362
  • Property Type: Residential Income

    Status: Active
  • SqFt: 39221

  • Listing Office: The Real Estate Group Inc.

  • RARE INVESTMENT OPPORTUNITY near hospitals, downtown Spfld & new YMCA site! DESIRABLE exceptionally well Managed/Maintained (+/-)45 unit TURN-KEY complex is winner of historic preservation awards, includes 9 structures & 3 vac lots occupying nearly an entire square block (SEE ATTACHMENTS for complete list & Rent Roll)! Gross Oper Income is 5yr avg of ACTUAL Rent Receipts & INCL avg Coin-op net inc of $4,133/yr. Maint Exp & Mngmnt estimated. Taxes of $22,581 is Actual 2018 pd in 2019 & includes the 3 lots but NOT 717 N. 6th! 5yr avg for utilities $37,234 TOTAL. Most elec pd by tenant except for hot water. Beautiful 717 N. 6th-currently single family home worth approx $110,000, could convert back to duplex (NO INCOME OR EXPENSES FOR THAT PROPERTY IN ANY OF THE #'s)! 2019 P&L not yet completed, but estimated to reflect Actual NOI of approx $190,000! Eligible for TIF & Entprise zone sales tax exemp. See Agent Remarks & comments w/photos!

  • Source of Information: Capital Area Realtors IDX Feed

Main Features
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Listing Images