Skip To Content

1567 Karr Street

Springfield, OH 45503
  • $209,000
  • STATUS: Active
  • ON SITE: 95 Days
  • MLS #: 224001196
$209,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,553
    SQFT
  • $135
    $/SQFT
Type:
Multi-Family
Built:
1918
County:
Area:

School Ratings & Info

School District:

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.

Monthly Payment Calculator



© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie & Company | Howard Hanna Real Estate Services. Data last updated: 2024-04-03T23:52:12.543.
www.searchcolumbushomesonline.com/homes/146617572
Print Image

1567 Karr Street Springfield, OH 45503

  • Price: $209,000
  • Status: Active
  • On Site: 95 Days
  • MLS #: 224001196
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1,553
SQFT
$135
$/SQFT
1918
Built
County:
Clark
Area:
Springfield
School District:
Springfield Csd 1206 Cla Co.
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.
Exterior Features

Lot Size Frontage 89 Lot Size Side 133 Parking Type Shared Driveway Total Parking 5.00

Interior Features

Air Conditioning Window Heat Fuel Electric

Property Features

1 Bedroom Units 3 Auction No Between Street1 Lagonda Ave Between Street2 Berger Ave Buildings 1.00 Built Prior To1978 Yes Corp Limit Per Auditor Springfield Expenses Misc 360.00 Expenses Property Insurance 750.00 Expenses Real Estate Taxes 580.00 Expenses Water 480.00 Financials Effective Income 24600.00 Financials For Year Of 2023 Financials Gross Rental Income 24600.00 For Exchange No For Sale Yes Miscellaneous Basement Mult Parcels Sch Dis No Multifamily Sub Type Flat Occupancy Rate 100 Owner Pays SewerTrashWater Services Available ElectricGasSanitary SewerWater Sewer Public Sewer Tax District 340 Tax Incentive No Tax Year 2022 Taxes Yearly 580.00 Tenant Pays ElectricityGas Township None Use Code 530 - 3-FAM DWELL:PLATTED LOT Year Remodeled 2023

Listing provided courtesy of Shay Sharaby of RE/MAX Main Street: (614) 545-3500.


© 2024 Columbus Board of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Julie & Company | Howard Hanna Real Estate Services. Data last updated: 2024-04-03T23:52:12.543.
 
https://bt-photos.global.ssl.fastly.net/columbus/1280_boomver_2_224001196-2.jpg https://bt-photos.global.ssl.fastly.net/columbus/1280_boomver_2_224001196-2.jpg https://bt-photos.global.ssl.fastly.net/columbus/1280_boomver_2_224001196-2.jpg
Logo
Julie & Company | Howard Hanna Real Estate Services
5207 Hampsted Village Center Way
New Albany OH, 43054