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1025 S 5th St, Springfield, IL 62702
0 Beds
0 Baths
n/a sqft

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Great location just south of Springfield Clinic on 5th Street. 19 units plus managers office and laundry room. All units are 1 bedroom with full bath. Split between 2 buildings, North and South. The North building has been updated and is 80% occupied. The South building is ready for remodel and is 20% occupied. Exterior of the building has been very well maintained. South side has newer metal roof and North side is rubber roof and in good condition. Current Cap Rate sits at 5.04% but Pro-Forma Cap Rate after remodel sits at 14.07%.
  • Price:
  • $799,000
  • Listing ID #:
  • CA997137
  • Street Address:
  • 1025 S 5th St
  • City:
  • Springfield
  • State:
  • Illinois
  • Postal Code:
  • 62702
  • County:
  • Sangamon
  • Community:
  • Springfield
  • Listing Status:
  • Active
  • Number Of Units:
  • 20
  • Total # Of Buildings:
  • 2
  • For Sale Or Lease?:
  • For Sale
  • Originating Mls:
  • Capital Area Association Of Realtors
  • Property Taxes:
  • $15,492
  • Tax Year:
  • 2018
  • Has Garage:
  • Yes

The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By The Real Estate Group Inc.