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$690,000

Est. payment - /mo

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4 Beds

3 Baths

6,468 SqFt

Price Dropped by $10K

1701 Lexington Avenue Springfield, OH 45505

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Heather Bacon

heather.galleryhomes@gmail.com +1(937) 631-3068

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,468 sqft

Price per Sqft $106

Subdivision Brain All

MLS Listing ID 1034977

Style Classic

Bedrooms 4

Full Baths 3

Year Built 1891

Annual Tax Amount $3,312

Tax Year 2023

Lot Dimensions 50x150

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. There's 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!

Location

State OH

County Clark

Area 013 S Of Main / E Of Limestone

Zoning Commercial,Multiple

Rooms

Basement Partial, Unfinished

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Exterior Feature Aluminum Siding

Parking Features No Garage

Utilities Available Natural Gas Connected, Sewer Connected

Building

Foundation Cellar

Sewer Public Sewer

Water Supplied Water

Level or Stories Two

Schools

School District 1206 Springfield Csd

Others

Ownership Non-Occupant

Financing Cash,Conventional

Virtual Tour https://www.propertypanorama.com/instaview/wrist/1034977

Listed by Real Estate II, Inc.

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Heather Bacon

Agent

+1(937) 631-3068

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