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1701 Lexington Avenue, Springfield, OH 45505

$690,000
  • 1701 Lexington Avenue, Springfield, OH 45505 Main Photo

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Active
BEDS4 BATHS3 full SQUARE FEET6,468 MLS#1034977
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONBrain All SCHOOLSpringfield

Property Description

This newly renovated & re-imagined duplex in the heart of the Brain All subdivision is a prime opportunity for the next business-minded buyer! Located in an area known for its rich entrepreneurial heritage, this corner property has been transformed into a Self-Care Beauty Multi-Plex, offering a perfect blend of modern convenience & historic charm. This unique business complex is a HUGE money maker with weekly cash-flow! *Weekly Cash Flow: 4 Fridays-$5637 or 5 Fridays-$6425 (Current rates with 1 suite vacancy) The main level features 9 fully equipped salon suites, complete w/ shampoo bowls, stylish suits & ample lighting. Designed w/ contemporary hard surface flooring, white trim, & sleek doors, the interior creates a fresh, professional atmosphere. All suites are rented on a weekly basis, w/ just one currently available for a new tenant. The average suite size is 9x11 with 2 larger suites measuring 11x11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. Theres even an office suite; 11x11 w/ a private entry. For added convenience, a 9x10 community laundry/washroom is available for suite owners, making daily operations smooth & hassle-free. The property boasts a low 5% vacancy rate, proving its strong rental history. *Upper Level Income: Monthly=$2050 On the upper level (with outside entry) houses 3 fully rented apartments. 1 unit offers 2 bedrooms, 1 bath, kitchen & living room. These units have new cabinetry, hard surface flooring and same neutral interior paint.The stairway leads to the common area used for communal laundry facilities. These apartments are a great source of additional steady income. There is off street parking available behind building. Graveled lot. Back door exit accessible. Significant improvements including: new flooring in all units, updated plumbing, New flat roof. New HVAC system ensuring that this property is in move-in condition; turn-key business operation & equipped for the future!

1701 Lexington Avenue | MLS# 1034977

This multi-family property located at 1701 Lexington Avenue, Springfield, OH 45505 is currently listed for sale with an asking price of $690,000. Lexington Avenue is located within the Springfield school district. Search Springfield real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Partial, Unfinished
Cooling: Central Air
Garage: No Garage
Heating: Forced Air, Natural Gas
Home Style: Neoclassical
Lot Size: 0.17 Acres
Stories: 2.0
Taxes: $2,570
Year Built: 1891

Amenities

Partial Window Coverings
Attic

Feature Descriptions

Appliances: Dryer, Washer, Gas Water Heater
Days on Site: 558
Exterior: Aluminum Siding
Foundation: Cellar
Lot: Residential Lot
Lot Dimensions: 50x150
Parcel ID: 340070002822200100
Sewer: Public Sewer
Special Features: Bath 1st Floor
Structure Type: Business, Other
Utilities: Natural Gas Connected, Sewer Connected
Water: Supplied Water
Zoning: Commercial, Multiple

Local Schools

School District: Springfield

Listed By / Shown By

Listed By

Agency Name: Real Estate II, Inc.
Agency Phone: (937) 390-3119
Agent Name: Alva Fulk

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

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Estimated Payment

$ 4,275.08 per month $3,859.66 Principal & Interest $214.17 Property Tax $201.25 Homeowner's Insurance

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