Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    6

  • Cooling YN

    YES

  • Cooling

    Window Unit(s)

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Patio and Porch Features

    Porch

  • Pool

    No

Area & Lot

  • Lot Features

    Cleared, Corner Lot

  • Lot Size(acres)

    0.31

  • Property Type

    Residential

  • Property Sub Type

    Single Family Residence

  • Architectural Style

    Traditional

Price

  • Sales Price

    $599,997

  • Zoning

    Resid Multi-Family

  • Sq. Footage

    2, 907

  • Price/SqFt

    $206

HOA

  • Association

    No

School District

  • Elementary School

    Cherry Street

  • Middle School

    Everitt

  • High School

    Rutherford

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

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Location

County

Bay

Elementary School

Cherry Street

Middle School

Everitt

High School

Rutherford

Listing Courtesy of Kaci A Hawes , ERA Neubauer Commercial

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Welcome to a Turnkey Investment Opportunity!This fully remodeled property at 116 Springfield Ave offers six detached single-family units, each featuring one bedroom, one spacious bathroom, a living area, and a kitchen. These units, completely updated in 2021, are fully occupied and generating $61,500 in annual gross income with rent rolls available. The updates include new (2021) 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, paint, and luxury vinyl plank flooring, as well as new kitchen cabinets and countertops. Each unit is individually metered for water and electricity, ensuring efficient management. Professionally managed by ERA Neubauer Property Management, this property is an excellent addition to any investment portfolio. 

As an added bonus, the adjacent cleared lot (Parcel ID 24228-005-000) with mixed-use zoning is also listed for sale at 65,000, (MLS 766435) providing an ideal opportunity for additional development or other creative uses. 

Schedule your private showing today with your preferred real estate professional!

116 Springfield Avenue

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