Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls…
The Story
116 springfield avenue
Welcome to a turnkey income-producing investment opportunity designed for ease, efficiency, and long-term value. Remodeled in 2021, this unique property features six detached single-family units, each offering one bedroom, one spacious bathroom, a comfortable living area, with a functional kitchen. Fully occupied and currently generating $63,900 in annual gross rental income, this property offers immediate cash flow with rent rolls available for review. Each unit was thoughtfully updated in 2021 with major improvements including 30-year dimensional shingle roofs, energy-efficient windows, updated electrical wiring, fresh sheetrock, interior paint, luxury vinyl plank flooring, new kitchen cabinetry, and updated countertops. For streamlined management, each unit is individually metered for both water and electricity, helping simplify operations and reduce owner responsibility. With six separate dwellings, modernized systems, and established rental income already in place, this property is a strong addition to any investment portfolio. Whether you are looking to expand your rental holdings, secure consistent income, or invest in a low-maintenance multi-unit property, this turnkey opportunity is ready to perform from day one. Buyer to confirm measurements. Some photos edited and staged
Facts & Features
Property Info
Price
$608,000
Completion Year
1,952
Living Space
2,907 sq ft
Bedrooms
6
Bathrooms
6
Features & Amenities
Window Units
Image Gallery
Explore Every Detail
Tell us where you are in your search
Interested in this, or something like it?
Yes, this is it
Drop your details and we will help you find what you are looking for.
Step 1 of 4
Not quite. Help me find the right one
Talk it through, or type it out. e.g. "4 bedrooms, walking distance to good schools, somewhere quiet near Panama City, under $2.4M."
Got it!
We're matching homes to what you described and will reach out shortly.