ThomasBeehner
BEDS4
BATHS2 full 1 partial
SQUARE FEET2,373
MLS#960000
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSpringfield
Property Description
Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking.The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: None
Heating: Forced Air, Natural Gas
Lot Size: 0.06 Acres
Taxes: $996
Year Built: 1920
Feature Descriptions
Basement Features: Crawl Space, Partial, Unfinished
Days on Site: 12
Exterior: Vinyl
Lot Dimensions: .0649 acres
Local Schools
School District: Springfield
Listed By / Shown By
Listed By
Agency Name: Roost Real Estate Co
Agency Phone: (937) 390-3715
Shown By
Agent Name: Thomas Beehner
Agent Phone: (419) 467-7470
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 788.66 per month $670.69 Principal & Interest $83.00 Property Tax $34.97 Homeowner's InsuranceChange Payment Information
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1223 Lagonda Avenue | MLS# 960000
This multi-family property located at 1223 Lagonda Avenue, Springfield, OH 45503 is currently listed for sale with an asking price of $119,900. Lagonda Avenue is located within the Springfield school district. Search Springfield real estate on thomasbeehner.ikeyrealty.com today.