Office/Contract Info

For Sale

Yes

Exchange

No

Remarks & Misc

Property Description

Turnkey investment opportunity at 1317-1319 Clifton Avenue in Springfield! This well-maintained four-unit multifamily property is already generating income with additional upside potential. Two units are currently occupied, while two units are vacant, offering flexibility for a variety of ownership strategies. The property features a new roof and a newly built back porch, along with significant interior updates in three of the four units, including new flooring, fresh paint, updated fixtures, newer windows, renovated kitchens and baths, and some updated electrical. Unit mix includes two 2-bedroom, 1-bath units; one flexible unit with 1-2 potential bedrooms (no closet); and one 1-bedroom, 1-bath unit. The 1-bedroom, 1-bath unit is currently occupied on a month-to-month lease at $780/month. One of the 2-bedroom, 1-bath units is also occupied with a lease in place through June 1st, after which tenancy is expected to continue on a month-to-month basis, presenting an opportunity for future rental adjustments. Whether you're expanding your portfolio or entering the rental market, this property presents a strong opportunity with immediate cash flow and room for increased returns.

Income/Expenses

Gross Income

2110

Net Operating Income

0

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features