Address
1567 Karr Street, Springfield, OH
Price
$ 209,000
Property Attributes
  • MLS#224001196
  • TypeMulti-Family
  • CountyCLARK
  • CitySpringfield
  • Zip45503
  • StyleFlat
  • Year Built1918
  • Taxes$ 580
  • Price$ 209,000
  • Bedrooms3
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1553
  • Lot Size0.27 Acres
Data Source:
Columbus REALTORS®
Property Description

Prime investment opportunity: Fully occupied turnkey triplex, with great tenants! perfect for new investors or portfolio expansion. Boasts an impressive 9.88% capitalization rate ensuring a lucrative and hassle-free investment . Two units were completely renovated, with added washer and dryer. Unit breakdown: Unit 1: Currently rents at $500 with substantial potential for upside and rent increase. Unit 2: A fully renovated 1BR & 1Bath, currently rented at $800. Unit 3: Another fully renovated 1BR & 1Bath, commanding a rent of $750.Key features include a relatively new roof (5-6 years old), recently installed gutters, and new water heaters. The property is furnace-free, minimizing maintenance concerns. Very low overhead, Owner bears only water and trash. Do not miss this opportunity.

Price History
1/12/2024 Listed $229,000
1/22/2024 5% - $219,000
1/24/2024 5% - $209,000

General Features

Sewer Public Sewer
Status Active
Year Built 1918
Tenant Pays Electricity,Gas
County Clark
Miscellaneous Basement
Township None
Type Flat
Property Type C
Year Remodeled 2023
Owner Pays Sewer,Water,Trash
Number of Units 3.00
Tax Year 2022
Tax District 340
Days on Market 128
City Springfield
School District SPRINGFIELD CSD 1206 CLA CO.
Street Name Karr
Built Prior to 1978 Yes
Misc Expenses 360.00
Property Insurance 750.00
R.E. Taxes 580.00
Water Expense 480.00
Tax Incentive No
Taxes (Yrly) 580.00
Building Sqft 1553.00
Listing Member Name Shay Sharaby

Interior Features

Air Conditioning Window
Heating Fuel Electric
Occupancy Rate 100
Street Suffix Street
List Price/SqFt 134.58

Exterior Features

Total Parking 5.00
Number of Buildings 1.00
Parking Type Shared Driveway
Acreage 0.27
Lot Size (Front) 89
Lot Size (Side) 133

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 45503

Price
AVG $200K
$210K
Taxes
AVG $1,064
$580
Visits
AVG 180
223
Data Provided by Inside Real Estate®
Year Built
AVG 1908
1918

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