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26702757
26702758

31 W Southern Avenue, Springfield, OH 45506

CH
OH 2020007341
Coldwell Banker Heritage Roediger
DN
2017005998
Coldwell Banker Heritage
Listed by Coldwell Banker Heritage Roediger, Coldwell Banker Heritage
$159,000
287 days on market
Updated 131 days ago

31 W Southern Avenue

Details
APN 3400700034328005
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
NOI $1,550
Price per SqFt $85
Year Built 1893
Acreage 0.140

Multifamily | 2 Units

Marketing description

Duplex Investment with Strong Income! This income-producing duplex offers two units, 2-bedroom, 1-bath unit down stairs and 1 bedroom 1 bath unit upstairs. Separate electric and gas meters. The property currently brings in $1,750 per month, and both tenants want to remain, making this a solid investment with consistent cash flow from day one. Recent updates include new water heaters installed in December 2024, newer windows in select areas, new exterior doors, and added insulation completed in March 2025. The upstairs unit is equipped with a mini-split, while the downstairs unit has a furnace, giving each tenant independent comfort. While the property could use some additional improvements, the major utility updates are already in place, making it an attractive opportunity for an investor looking to add value while benefiting from reliable rental income.
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Listing Contacts

CH
OH 2020007341
Coldwell Banker Heritage Roediger
DN
2017005998
Coldwell Banker Heritage
Listed by Coldwell Banker Heritage Roediger, Coldwell Banker Heritage

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,550.00
$129.17/mo

Valuation Metrics

0
DSCR
0.97%
Cap Rate
0.97%
ROI

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Additional Information

Name
Cecilia Hill
License
2020007341
Brokerage
Coldwell Banker Heritage
Brokerage Phone
9372840747
Title
Real Estate Agent
Brokerage Address
331 Mount Vernon Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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