Description

Built in 1909 and rich with timeless charm and elegance, this distinctive multi-family property in Historic Springfield offers exceptional flexibility and investment potential. The main residence is a classic quadplex, complemented by two additional homes at the rear of the property bringing the total to six rentable units. Architectural details abound, including a welcoming screened front porch, a screened sleeping porch on the second floor, and a bright sun porch with beautiful French windows just beyond. Each apartment in the main house features a one-bedroom, one-bath layout. The roof was replaced in 2019, and the garage apartment features a durable metal roof. Two of the units present value-add opportunities with kitchen updates needed, and one bathroom requires a sink repair or replacement. One of the rear homes has been fully renovated, adding immediate appeal.The property also includes a private alley-access driveway leading to a two-car garage, which is part of the third residential structure. Currently, one of the rear homes is tenant-occupied, providing instant rental income. Ideal as an investment property, all six units can be rented to maximize income potential. Alternatively, this versatile estate offers multiple living configurations--convert the main house into a duplex and live in the upper level while generating income from the remaining units, or create a spacious single-family compound with separate accommodations perfect for extended family, guests, or a live-in nanny.

Financial

Property