1701 W Chestnut Street, Unit 2050
Property Description
**TWO SPRINGFIELD PROPERTIES FOR $125,000 TOTAL!** A rare value-add investment opportunity to acquire **1701 W Chestnut St and 2050 Nettleton Ave together in one package.** The properties are separately parceled and may also be purchased individually, giving buyers flexibility for a rental portfolio, renovation project, resale strategy or potential 1031 exchange.**1701 W Chestnut** offers 3 bedrooms, 1 bath and a large upstairs space with additional potential. Outside, the property stands out with abundant off-street parking, room for an RV or boat, an oversized 2-car garage, attached carport and no HOA. The home is vacant and the electricity is on, allowing a buyer or contractor to get started immediately.**2050 Nettleton** is a true renovation and value-add opportunity with much of the demolition and layout work already underway. The interior has been gutted and framed for a proposed 4-bedroom, 2-bath configuration, with plans for vaulted ceilings in the living room and primary bedroom. Improvements already completed include new double-pane windows with metal wrapping, fresh exterior paint and an oversized storage shed. A tall crawlspace/cellar provides convenient access to plumbing, electrical and other systems during renovation. The property also features a large fenced lot, partial privacy fencing and ample parking.This package offers two separate properties, multiple exit strategies and an opportunity to create equity through renovation. Ideal for investors, contractors, rehabbers, rental-property buyers or anyone looking to expand a Springfield portfolio at an approachable entry price.Properties are being sold as-is. Buyer to independently verify square footage, condition, renovation requirements, projected rental income, future value and all investment projections.See individual MLS listings for additional property details: MLS#60332160 and MLS #60333735.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $125,000 |
| No. of Units: | 2 |
| Year Built: | 1903 |
| Lot Size: | 2,924.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $62,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 0 |
ID: 3yd-GSBORMO-60333783
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