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1025 S 5th St, Springfield, IL 62702
0 Beds
0 Baths
12,408 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
  • Square Footage:
  • 12,408
  • Acreage:
  • 0.45
  • Year Built:
  • 1980
  • Listing ID #:
  • CA997157
  • Street Address:
  • 1025 S 5th St
  • City:
  • Springfield
  • State:
  • Illinois
  • Postal Code:
  • 62702
  • County:
  • Sangamon
  • Community:
  • Springfield
  • Subdivision:
  • 5th Street
  • Listing Status:
  • Active
  • Basement Description:
  • Slab
  • Finished Square Feet:
  • 12408
  • Number Of Units:
  • 20
  • Siding:
  • Concrete
  • Type Of Roof:
  • Metal, Rubber
  • Unit 1 Monthly Rent:
  • 689
  • Unit 2 Monthly Rent:
  • 689
  • Unit1 Bedrooms:
  • 1
  • Unit1 Full Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit2 Full Bathrooms:
  • 1
  • Year Built:
  • 1980
  • Annual Electric Expenses:
  • 7961
  • Annual Gas Expenses:
  • 534
  • Annual Gross Income:
  • 87324
  • Annual Insurance Expenses:
  • 954
  • Annual Maintenance Expenses:
  • 5195
  • Annual Rental Income:
  • 16536
  • Annual Trash Expenses:
  • 1746
  • Net Operating Income:
  • 70934
  • Lot Description:
  • Level
  • Lot Size:
  • 130 X 152
  • For Sale Or Lease?:
  • For Sale
  • Originating Mls:
  • Capital Area Association Of Realtors
  • Price Per Square Foot:
  • 64.39
  • Property Taxes:
  • $15,492
  • Tax Year:
  • 2018
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 30
  • Heating And Air:
  • Electric
  • Sewage Type:
  • Public Sewer, Public Water
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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.

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