422 S LINCOLN AVE
SPRINGFIELD, IL 62704
$435,000
0 Beds
0 Baths
5,000 Sq Ft
Status Active
MLS# CA1029287
An incredible opportunity awaits with this Beautiful Multifamily property! This 8-unit Boasts a 1 year, renewable master Lease that pays $6200 per month that eliminates concerns with vacancy! The entire building has been updated with modern amenities and features during 2023-2024. Each unit is 1 bed, 1 bath, and a full sized kitchen. Additionally, each unit is separately metered for electric. Feel free to walk the property, but please do not disturb tenants showings can be scheduled with Contingent offers. SQFT is approximate not guaranteed. Current Cap rate is 9.92% Master Lease = 1 master tenant pays $6,200 for all units. The master tenant then uses building as short term or long term use during their contract period as they see fit. so no worries about vacancy when you have a master lease.
Details for 422 S LINCOLN AVE
Built in 1920
$87 / Sq Ft
0 parking spaces
Gas, Gravity, No Cooling
14 Days on website
Area Information for 422 S LINCOLN AVE
