422 S Lincoln Avenue
Springfield,
IL
62704
Property Details
List Price: |
$435,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
5000 |
Agency: |
Keller Williams Capital |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1920 |
Notes: |
An incredible opportunity awaits with this Beautiful Multifamily property! This 8-unit Boasts a 1 year, renewable master Lease that pays $6200 per month that eliminates concerns with vacancy! The entire building has been updated with modern amenities and features during 2023-2024. Each unit is 1 bed, 1 bath, and a full sized kitchen. Additionally, each unit is separately metered for electric. Feel free to walk the property, but please do not disturb tenants showings can be scheduled with Contingent offers. SQFT is approximate not guaranteed. Current Cap rate is 9.92% Master Lease = 1 master tenant pays $6,200 for all units. The master tenant then uses building as short term or long term use during their contract period as they see fit. so no worries about vacancy when you have a master lease. |
MlsNumber: |
CA1029287 |
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Listing Provided By: |
Keller Williams Capital, original listing |
Name: |
Keller Williams Capital |
Phone: |
(217) 553-4368 |
Office Name: |
Keller Williams Capital |
Office Phone: |
(217) 303-8445 |
Agent Name: |
Jay Myers |
Disclaimer: |
Copyright © 2024 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |