2901 Silver St

Description

Just a short distance to the hear of Springfield and Downtown is probably one of the most unique multifamily units in the city. Surrounded by preservation, rich history, and academics is a 7 unit gem waiting to be extracted and polished with your touch. Yes, there's room to add value--make your improvements, perhaps raise rental rates or even utilize the remainder of the lot. With proper approval, build another unit, create parking, the possibilities exist. This brick beauty is comprised of the following units: (1) 3bd/2ba, (4) 2bd/1ba, (2) 1bd/1ba. Each unit metered separately.Just a short distance to the hear of Springfield and Downtown is probably one of the most unique multifamily units in the city. Surrounded by preservation, rich history, and academics is a 7 unit gem waiting to be extracted and polished with your touch. Yes, there's room to add value--make your improvements, perhaps raise rental rates or even utilize the remainder of the lot. With proper approval, build another unit, create parking, the possibilities exist. This brick beauty is comprised of the following units: (1) 3bd/2ba, (4) 2bd/1ba, (2) 1bd/1ba. Each unit metered separately. Courtyard in back of building, with all units having a front & back porch. No W/D hookups. Current Cash flow $5,000/mo. Annual expenses under $1,500 (owner does most of all work). No pro forma or record of expenses. Pluming & electrical 90% updated with most units have having light updating. Cash, Hard or Private Money. May consider Conventional. Schedule your personal showing as we continue to practice safety during this time with COVID-19.