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Property Details

Great opportunity to live in one unit and rent the other or add a cash flowing property to your portfolio. This versatile property features two living spaces on one lot, providing built-in income from day one. The main home (824 W Elm St) offers 3 bedrooms, 2 baths and 1,216 sq ft and is currently leased for $1,150 per month. The separate upstairs apartment (826 W Elm St) includes 1 bedroom, 1 bath and 432 sq ft with its own private entrance and currently rents for $675 per month. Both units have already been remodeled and updated, making this a turnkey investment with a current combined monthly income of $1,825. Current rents are below market, offering additional upside and opportunity for increased cash flow over time. Whether you're an investor looking for solid rental income or a buyer wanting to offset your mortgage by renting the second unit, this property offers flexibility and income potential. Conveniently located near downtown Springfield, schools, restaurants, and everyday amenities.

Courtesy By: EXP Realty LLC
Data source from: ©SOMO

Property Location