Homes for sale - 122 N PARKER AVE, Springfield, IL 62702

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Residential Income

Listing Status Pending

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $76

MLS Listing ID CA1029479

Maintenance Fees $50

Originating Board rmlsa

Year Built 1985

Annual Tax Amount $12,887

Tax Year 2023

Lot Dimensions 120x160

Property Description

Prime Investment Opportunity: 12-Unit Apartment Complex in the Heart of Springfield! Welcome to an exceptional investment opportunity nestled in the vibrant heart of Springfield. This beautifully maintained 12-unit apartment complex presents a rare chance to own a lucrative piece of real estate conveniently located just moments away from downtown. Each unit within this complex is thoughtfully designed to provide optimal comfort and functionality, ensuring high tenant satisfaction and retention. Spacious floor plans and tasteful finishes define the interior, creating an inviting atmosphere that tenants will love to call home. Beyond its appeal as a residential haven, this apartment complex presents a compelling investment proposition. With a robust rental market and consistently high demand for quality housing in the area, this property promises steady cash flow and attractive returns for savvy investors. Whether you're a seasoned investor looking to expand your portfolio or an entrepreneur seeking a promising venture, this 12-unit apartment complex stands as a testament to the potential for substantial financial gain. Don't miss out on the opportunity to capitalize on Springfield's thriving real estate market and secure your position as a successful Investor in the heart of the city. Owner pays for water, sewer and trash, W&D hook ups in each unit, many long term tenants, updated roofs, 5 new AC units, heat units 8-10 yrs old.

Location

State IL

County Sangamon

Area Springfield

Direction E of Jefferson & Walnut by Hardee's

Rooms

Basement None

Interior

Interior Features Cable Available,High Speed Internet

Heating Electric,Forced Air,Central Air

Fireplace N

Laundry Units Hook-Ups

Exterior

View true

Roof Type Shingle

Street Surface Paved

Total Parking Spaces 15

Garage 1

Building

Lot Description Level

Faces E of Jefferson & Walnut by Hardee's

Unit Features [{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 1\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":700,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1359738Group_1\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 2\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":650,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1359738Group_2\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 3\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":600,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"Y\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1359738Group_3\"},{\"UnitTypeBedsTotal\":1,\"UnitTypeType\":\"Unit 4\",\"RMA_FullBaths\":\"1\",\"RMA_HalfBaths\":\"0\",\"UnitTypeActualRent\":700,\"RMA_NumberParking\":\"1\",\"RMA_NumberUncovered\":\"1\",\"RMA_FireplaceYN\":\"N\",\"RMA_NumberCovered\":\"0\",\"UnitTypeKey\":\"RMA1359738Group_4\"}]

Foundation Block

Water Public Sewer,Public

Structure Type Vinyl Siding

New Construction false

Schools

High Schools Springfield District #186

Others

Tax ID 14-28.0-456-009