Listed By
Agency Name: Roost Real Estate Co.
Agent Name: Priscilla L. McNamee
Agency Phone: (937) 390-3715
Shown By
Agent Name: Michelle Sanders
Agent Phone: (330) 802-0989
Agency Title: Cutler Real Estate
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Property Description
Rare opportunity to own a versatile three unit investment property with additional off street parking on a two parcel sale located at the corner of Lagonda and Farlow. Included in the sale is the additional parcel at 0 Farlow currently utilized for valuable off street parking.The property features three separate entrances allowing privacy and flexibility for each unit. The upper apartment offers 2 bedrooms and is currently leased to a long term tenant at $600 per month providing immediate income. A separate office style unit includes 1 office/bedroom, storage room, and half bath and is currently leased on a 6 month lease at $400 per month.The spacious main level apartment currently functions as a large 1 bedroom unit but offers outstanding potential for reconfiguration into a 2 or possibly 3 bedroom unit, creating additional rental income potential estimated between $1,000 to $1,400 per month depending on improvements and layout.Additional updates include replacement windows, siding, updated electric panels, and a complete tear off roof completed in 2004. Gas is currently serviced by one meter with owner paying gas, water, sewer, and trash.With existing rental income, additional parking parcel, flexible floor plans, and future upside potential, this property presents an excellent opportunity for an investor looking to increase cash flow and maximize long term value.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space, Partial
Cooling: Window Unit(s)
Days on Market: 102
Garage: No Garage
Heating: Forced Air, Space Heater, Natural Gas
Lot Size: 0.06 Acres
Stories: 2.0
Taxes: $996
Year Built: 1920
Amenities
Porch
Feature Descriptions
Additional Parcel ID: 3400700029306023
Exterior: Vinyl Siding
Foundation: Stone
Lot: Residential Lot
Lot Dimensions: .0649 acre
Parcel ID: 3400700029306010
Sewer: Public Sewer
Special Features: Bath 1st Floor, Bed 1st Floor
Structure Type: Duplex
Utilities: Natural Gas Connected, Separate Meters, Sewer Connected
Water: Supplied Water
Zoning: Residential
Local Schools
School District: Springfield
Estimate Your Payment
Estimated Payment
$ 733.74 per month $615.77 Principal & Interest $83.00 Property Tax $34.97 Homeowner's InsuranceChange Payment Information
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1223 Lagonda Avenue | MLS# 1043773
This multi-family property located at 1223 Lagonda Avenue, Springfield, OH 45503 is currently listed for sale with an asking price of $119,900. Lagonda Avenue is located within the Springfield school district. Search Springfield real estate on msanders.cutlerhomes.com today.