604-614 South 4th Street
- Three-building portfolio totaling 27 units
- Downtown Springfield location – close to amenities, jobs, and transit
- Value-add opportunity being offered as-is
- All units need renovation
Property Description
Located in the heart of Downtown Springfield, this three-building multifamily portfolio is positioned for strong rent growth and long-term appreciation. The property includes 6 units in Building 606, 6 units in Building 610, and 15 units in Building 614. This is an ideal opportunity for an experienced investor or developer looking for a value-add multifamily project with great upside potential. Based on comparable properties and management data in the area, renovated units could achieve rents between $750 and $900 per month. This portfolio is being offered as-is. Bring your vision and unlock the potential this property has to offer!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $540,000 |
| No. of Units: | 27 |
| Lot Size: | 0.45 Acres |
| Opportunity Zone: | No |
| Price per unit: | $20,000 |
| Property Website | Click Here |
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