1701-1709 E Chestnut Street
Property Description
Exciting Investment Opportunity! Three charming bungalows, nestled side by side, each boasting one bedroom and one bathroom, conveniently located just minutes away from our local colleges and the vibrant heart of Downtown Springfield. These three residences, situated at 1701, 1705 & 1709 E Chestnut St, are currently occupied by tenants, generating a combined monthly income of $2,020. All three properties feature brand new roofs, removed chimneys, 1701 has a new high-efficiency furnace 1705 and 1709 have brand new mini-split heating and cooling systems!At 1701, a loyal tenant of two years is currently paying $600 per month. At 1705, a new lease beginning in July 2024 includes a rent increase to $600 per month. 1709 stands out, having undergone a full remodel, boasting brand-new luxury vinyl plank flooring, fresh interiors with new doors, trim, lighting, blinds, bathroom vanity, faucet, and a new window A/C unit. The tenant at 1709 currently pays $820 per month. These properties are professionally managed, ensuring seamless operations for investors who desire hassle-free management. Don't miss out on this prime investment! Properties are sold AS-IS, with the seller making no repairs.
Broker Details
Murney Associates, LLC (417) 575-1205
MLS ID: 512007972 State License Number: 2019018397
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $219,900 |
| No. of Units: | 3 |
| Year Built: | 1944 |
| Opportunity Zone: | No |
| Price per unit: | $73,300 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 1 |
ID: 3yd-GSBORMO-60312414
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