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250-254 S Douglas Ave Springfield, OH 45505

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Three buildings with restored details, generating $8010 monthly income.

Property size:
8,536 SF

Property Features for 250-254 S Douglas Ave

General Information

Standard status
Active
Size
8,536 SF

Building Details

Year built
1923

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Listing Contact
Julie Broghamer
Source: Crexi

Listing Agency: Real Estate II Listing Agent: Julie Broghamer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Three-Building Investment Property Package

This package includes three buildings, collectively generating $8010 per month. The owner is responsible for water and yard work only. The properties feature restored original details, including stained woodwork, hardwood floors, and classic architectural elements. The Douglas Avenue properties each have three units, each featuring a large, inviting porch. The exteriors showcase pillars, a stone foundation, and preserved historic detailing. Unit 250, remodeled in 2023, blends modern convenience with original character, featuring an updated kitchen with a dishwasher, stove, microwave, upgraded plumbing, a breakfast nook, original built-in cabinetry, a large pantry, and a coffee station. It includes a private porch, a first-floor bathroom with a tiled tub/shower surround, an updated vanity, toilet, and flooring. The unit also has a dining room, living room, restored hardwood floors, woodwork, a decorative fireplace, a first-floor bedroom with French doors, decorative lighting, and ceiling fans. The unit has two additional bedrooms, a linen closet, and an unfinished attic. Unit 254 features hardwood floors, woodwork, spacious rooms, a kitchen, dining room, living room, four bedrooms, a full bath, and an attic with stair access. Lead abatement has been performed, and knob and tube wiring has been replaced where visible. The Kenilworth property is a renovated duplex with updated lighting, refreshed kitchens, updated baths, replacement windows, improved mechanicals, storage, a front porch, outdoor space, and off-street parking. Unit 2111 has a long-term tenant and features hardwood floors, a decorative fireplace, a bedroom, and an eat-in kitchen. Unit 2115 spans the second floor and finished attic level, offering hardwood floors, an eat-in kitchen with pantry, two bedrooms, closets, a finished attic with a third bedroom, a walk-in closet, and an unfinished area. A two-car garage is located to the rear of the property. The Arlington property brings in $2,400 per month. Unit 400 features fresh paint, new lighting, updated appliances, and a new dedicated outlet for the bedroom AC. Unit 402 has been updated within the last 18 months, including a refrigerator and stove. Both units offer hardwood floors, architectural charm, and a covered porch. The first floor includes a living room, dining room, kitchen, and sunroom. The second floor has two bedrooms and a full bath. The basement provides private storage and laundry hookups. Each tenant receives one side of the garage for storage. The property also has a shared side yard. Water averages under $75 per month, and tenants pay for electricity, gas, and trash.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Springfield
County
Clark
State
Ohio
Longitude
-83.7784019
Latitude
39.9202003

FAQs

What type of property is this?
Multifamily property - Three buildings with restored details, generating $8010 monthly income.
Where is this multifamily property located?
The property is located at 250-254 S Douglas Ave Springfield, OH.
What are key features of this property?
This property features: - Strong income-producing property package generating $8010/month with low operating expenses.; - **Completely remodeled unit (250 Douglas AVE) blending modern convenience with original character, ideal for owner-occupant.**; - Significant upside potential through rent increases; one unit (2111 Kenilworth) is currently rented well below market value, and another (2115 Kenilworth) will be listed at a higher rate upon vacancy.
More about this property
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