145 N SPRINGFIELD Street, Virden, IL 62690
sale
$300,000
|
Other
Courtesy Of The Real Estate Group, Inc.
Investment opportunity with income already in place! This two-story mixed-use building features two commercial units and eight residential units, offering multiple income streams under one roof. Five of the eight residential units are currently occupied, allowing a new owner to begin generating rental income from day one, with additional upside by leasing the remaining three units. The property has appraised for $400,000 and is being offered at $300,000, including the parking lot. With existing tenants, room to increase occupancy, and a purchase price well below the appraised value, this property offers an excellent opportunity for an investor looking to add a mixed-use income-producing property to their portfolio. Bring the remaining units to full occupancy and put this property to work for you!
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Property Features
- Building Units: 10
- Exterior Type: Brick
- Floor Covering: Carpet
- Floors: 2
- MLSID: CA1046639
- Roof Type: Flat
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