NOT LISTED FOR SALE
16 Beds
5 Baths
6,923 Sq Ft
5,663 Sq Ft Lot

Last Sold June 02, 2022

Last sale price $550,000 $79 Per Sq Ft

56 Days on Market

Highlights

  • Medical Services
  • Covered Patio or Porch
  • Shops
  • Property is near public transit
  • Park
  • 5-minute walk to Leonardo da Vinci Park

About This Home

As of June 2022

Investors, look at the income! Fully rented 5 Family with all rents at market value! There are 4 units with 3 bedrooms in each and the 3rd floor is a large 4 bedroom unit. All separate utilities. Tenants pay for heat, hot water and electricity. Gas heat and hot water. Lead Certificates for all 5 units. Walking distance to downtown and MGM. Very convenient to all major highways. Springfield is growing and rentals are in high demand! Make an appointment to take a look.

Last Agent to Sell the Property

Carol Whitman

Park Square Realty Listed on: 01/12/2022

Last Buyer's Agent

Zahra Taqi

Keller Williams Realty

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,305

Year Built

  • Built in 1905

Lot Details

  • 5,663

Home Design

  • 6,923 Sq Ft Home
  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 5 Full Bathrooms

Parking

  • 4 Car Parking Spaces
  • Driveway
  • Open Parking

Utilities

  • Heating Available
  • Gas Water Heater

Additional Features

  • Covered Patio or Porch
  • 5,663 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $4,850
  • Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
  • Assessor Parcel Number 2612805

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Insurance Expense $2,900
  • Water Sewer Expense $6,000
  • Operating Expense $17,000
  • Net Operating Income $67,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,305

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1905
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 9

Interior Features

  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Unit 4(Range,Refrigerator), Gas Water Heater
  • Total Bedrooms: 16
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Living Area: 6923
  • Stories Total: 9
  • MAIN LO: M36300
  • MAIN SO: M95273

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Patio And Porch Features: Covered
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Heating: Unit 1(Gas), Unit 2(Gas), Unit 3(Gas), Unit 4(Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 5

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water), Unit 4(Water)

Fee Information

  • Water Sewer Expenses: 6000

Lot Info

  • Parcel Number: 2612805
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.13
  • Lot Size Sq Ft: 5662.8
  • Lot Size Units: Acres
  • LOT SIZE: 5523

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6305.04

Multi Family

  • Insurance Expense: 2900
  • Net Operating Income: 67000
  • Number Of Units Total: 5
  • Operating Expense: 17000
  • Total Actual Rent: 4850
  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/02/2022 06/02/22 Sold $550,000 -1.8% $79 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
02/22/2022 02/22/22 For Sale -- -- --
01/24/2022 01/24/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $560,000 +69.7% $81 / Sq Ft
06/12/2019 06/12/19 Sold $330,000 -5.7% $48 / Sq Ft View Prior Sale
03/14/2019 03/14/19 Pending -- -- --
01/22/2019 01/22/19 For Sale $350,000 -- $51 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,039 $512,700 $25,000 $487,700
2024 $8,131 $506,300 $23,400 $482,900
2023 $7,083 $415,400 $22,300 $393,100
2022 $8,032 $426,800 $20,300 $406,500
2021 $6,305 $333,600 $18,400 $315,200
2020 $5,552 $284,300 $18,400 $265,900
2019 $5,595 $284,300 $18,400 $265,900
2018 $5,284 $268,500 $18,400 $250,100
2017 $4,439 $225,800 $16,200 $209,600
2016 $4,205 $213,900 $16,200 $197,700
2015 $4,091 $208,000 $16,200 $191,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72933153

MLS Property Information Network (MLS PIN)

APN: SPRI S:12300 P:0035