1701 Lexington Ave Springfield, OH 45505
Estimated payment $3,881/month
Highlights
- Attic
- No HOA
- Forced Air Heating and Cooling System
About This Home
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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,312
Year Built
- Built in 1891
Lot Details
- Lot Dimensions are 50x150
Parking
- No Garage
Home Design
- Aluminum Siding
Interior Spaces
- 6,468 Sq Ft Home
- 2-Story Property
- Unfinished Basement
- Partial Basement
- Attic
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 340070002822200100
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,752 | $41,180 | $2,720 | $38,460 |
| 2024 | -- | $37,280 | $1,940 | $35,340 |
| 2023 | $2,705 | $37,280 | $1,940 | $35,340 |
| 2022 | $860 | $37,280 | $1,940 | $35,340 |
| 2021 | $2,723 | $37,280 | $1,940 | $35,340 |
| 2020 | $2,723 | $37,280 | $1,940 | $35,340 |
| 2019 | $2,889 | $37,280 | $1,940 | $35,340 |
| 2018 | $1,697 | $23,120 | $1,940 | $21,180 |
| 2017 | $1,708 | $23,122 | $1,943 | $21,179 |
| 2016 | $1,699 | $23,122 | $1,943 | $21,179 |
| 2015 | $1,719 | $23,122 | $1,943 | $21,179 |
| 2014 | $1,700 | $23,122 | $1,943 | $21,179 |
| 2013 | $1,662 | $23,122 | $1,943 | $21,179 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/24/2024 10/24/24 | Price Changed | $690,000 | -1.4% | $107 / Sq Ft | |
| 10/10/2024 10/10/24 | For Sale | $700,000 | +1900.0% | $108 / Sq Ft | |
| 02/26/2021 02/26/21 | Sold | $35,000 | -23.1% | $5 / Sq Ft | View Prior Sale |
| 02/10/2021 02/10/21 | Pending | -- | -- | -- | |
| 02/05/2021 02/05/21 | For Sale | $45,500 | -- | $7 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $35,000 | Team Ttl & Closing Svcs Llc | |
| Quit Claim Deed | -- | Attorney |
Source: Western Regional Information Systems & Technology (WRIST)
MLS Number: 1034977
APN: 34-00700-02822-2001
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