1025 S 5TH Street Springfield, IL 62703
Other
MLS #: CA1041810
Courtesy Of The Real Estate Group, Inc.
Property InformationDescription
Flats On Fifth is a 19-unit multifamily asset in the heart of Springfield offering 19 renovated 1 bed 1 bath units across 2 levels & approx. 14,000 SF, all positioned next to major demand drivers including Springfield Clinic Main Campus. Units were updated in 2022-2023 with flooring, paint, cabinets/counters as needed & appliances as needed, plus most HVAC has been refurbished or replaced in the last 18 months. Owner is currently replacing the entire roof on the north building. Value-add remains with an approx. 800 SF office space that's currently vacant, includes 2 bathrooms & can be renovated & leased for additional income. Central, commuter-friendly location surrounded by well-kept commercial properties supports strong tenant demand including mid-term stays like traveling nurses & students.
Features
- Age: Over 50 Years Old
- Building Units: 19
- Cooling System: Central Air
- Exterior Type: Brick
- Floor Covering: Tile
- Floor Covering: Carpet
- Heating System: Forced Air
- Legal Description: N 10' LOT 16 & ALL LOTS 17,18 & 19 BLOCK 15 W H ALLENS ADDN (130X152)
- MLSID: CA1041810
- Parking Spaces: 30
- Roof Type: Rolled Hot Mop
MAP & DIRECTIONS
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