
Red 1 Realty
Listed by Red 1 Realty
$243,900
1501 E High Street
Details
APN 3400700028204001
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 2
Occupancy 100%
Price per SqFt $60
Year Built 1901
Acreage 0.170
Parking Spaces 8 spaces
Multifamily | 2 Units
Marketing description
Cash-flowing 4,000+ sqft duplex with oversized units and strong in-place income!
This fully occupied duplex generates $1,500/month per unit with long-term tenants in place who wish to remain, offering immediate and stable cash flow from day one.
Unit 1501 - 3 beds/1 bath
Unit 202 - 4 beds/1.5 baths
Each unit features approximately 2,000 square feet of living space (to seller's best knowledge), significantly larger than typical duplex units, making this a highly desirable rental option in the Springfield market. The property also includes a spacious parking area accommodating 8 vehicles, adding convenience for tenants and long-term rental appeal.
Tenants are currently on month-to-month arrangements, providing flexibility for new ownership while maintaining proven rental history (per seller). Property is in functional condition and positioned as a strong investment opportunity with stability.
Ideal for investors seeking:
Strong cash flow
Large unit layouts
Stable occupancy
Opportunity to formalize leases and optimize operations
Listing Contacts

Red 1 Realty
Listed by Red 1 Realty
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