Current Use by Public Records
- Apartment buildings
Property Details for 1787-1789 Fountain Ave
- Year built
- 1925
- Property type
- Apartment buildings
- Property subtype
- Small apartment buildings
Description
This exceptional Springfield, Ohio investment opportunity presents a beautifully renovated, fully furnished duplex located at 1787-1789 S Fountain Avenue. Built in 1925, this 3,088 square foot property sits on a 7,405.2 square foot lot and boasts two spacious units, each featuring two bedrooms, one full bathroom, and two half bathrooms. Each unit is currently rented for $1,400 per month, generating a combined monthly income of $2,800. Tenants are responsible for all utilities (water, gas, electric, and trash). Recent renovations include new flooring, cabinetry, kitchen appliances, breaker boxes, drain lines, and fresh interior and exterior paint. Both units offer added convenience with in-unit laundry rooms, and ample storage space is available in the basement and attic. The asking price is $215,000, representing a price per square foot of $69.62. This turnkey property offers a strong return on investment with its high rental income and minimal maintenance needs. The property's location in Springfield, Ohio, provides easy access to local amenities and transportation. This is a rare opportunity to acquire a well-maintained, high-income-producing multifamily property in a desirable location.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Clark
- State
- Ohio
- Longitude
- -83.8124
- Latitude
- 39.904
