About This Home
This 3-bedroom, 3-bathroom residential multi family at 1223 Lagonda Avenue in Springfield, OH is listed for $99,900 ($42 per sqft). Built in 1920, the home offers 2,373 sqft of living space on a 0.06 acres lot.
Key Features
- Built in 1920
- 0.06 acre lot
- 2 stories
Property Details
Amenities
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.
Monthly Cost Estimate
$534/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1223 Lagonda Avenue
Springfield, OH 45503
Warder
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 3-bathroom residential multi family at 1223 Lagonda Avenue is listed at $99,900 ($42/sqft). The estimated monthly payment is $534 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920, 0.06 acre lot, 2 stories.
This property is listed by Priscilla L. McNamee and can be reached at 9373903715.
