27-unit Springfield Opportunity Multi-Family FOR SALE


Springfield, IL
$540,000 USD
309-590-7900
, Springfield, IL for Sale
$540,000 USD
Multi-Family - FOR SALE
1/14
null | Request Cap Rate

27-unit Springfield Opportunity
Springfield, IL


HIGHLIGHTS

  • Three-building portfolio totaling 27 units
  • Downtown Springfield location – close to amenities, jobs, and transit
  • Value-add opportunity being offered as-is
  • Most units partially renovated or near completion

OVERVIEW

Located in the heart of Downtown Springfield, this three-building multifamily portfolio is positioned for strong rent growth and long-term appreciation. The property includes 6 units in Building 606, 6 units in Building 610, and 15 units in Building 614. Many unit renovations have already been started or are close to being finished, offering a head start for the next owner. Two units are currently gutted and ready for a full remodel. This is an ideal opportunity for an experienced investor or developer looking for a value-add multifamily project with great upside potential. Based on comparable properties and management data in the area, renovated units could achieve rents between $750 and $900 per month. This portfolio is being offered as-is. Bring your vision and unlock the potential this property has to offer!

ASK ABOUT THIS PROPERTY

Carrie TrollSVN | Core 3More Info
309-590-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Carrie TrollSVN | Core 3More Info
309-590-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.