Sheena Edwards
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1701 Lexington Avenue, Springfield, OH 45505

$690,000
  • 1701 Lexington Avenue, Springfield, OH 45505 Main Photo

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New to the Market Active
BEDS4 BATHS3 full SQUARE FEET6,468 MLS#921811
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLSpringfield

Property Description

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!

1701 Lexington Avenue | MLS# 921811

This multi-family property located at 1701 Lexington Avenue, Springfield, OH 45505 is currently listed for sale with an asking price of $690,000. Lexington Avenue is located within the Springfield school district. Search Springfield real estate on sheenaedwards.johnyoderteam.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Cooling: Central
Heating: Forced Air, Natural Gas
Lot Size: 0.17 Acres
Taxes: $3,312
Year Built: 1891

Feature Descriptions

Appliance Features: Dryer, Washer
Basement Features: Partial, Unfinished
Days on Site: 1
Exterior: Aluminum
Lot Dimensions: 50x150
Utilities: City Water, Natural Gas, Sanitary Sewer

Local Schools

School District: Springfield

Listed By / Shown By

Listed By

Agency Name: Real Estate II Inc.
Agency Phone: (937) 390-3119

Shown By

Agent Name: Sheena Edwards
Agent Phone: Cell: (614) 207-8278
Agency Title: Key Realty

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Estimated Payment

$ 4,336.91 per month $3,859.66 Principal & Interest $276.00 Property Tax $201.25 Homeowner's Insurance

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