824 Ridgely Avenue, Springfield, IL, 62702
The Real Estate Group, Inc.Basics
- Date added: Added 1 hour ago
- Category: Residential Income
- Type: Residential Income
- Status: Active
- Year built: 1993
- SubdivisionName: None
- ListOfficeName: The Real Estate Group, Inc.
- LeaseTerm: Variable
- ListAOR: rmlsa
- MLS ID: RMACA1043403
Description
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Description:
This 4,500 Square Foot, Six unit apartment building offers an outstanding investment opportunity with a variety of recent upgrades. The building itself, has undergone significant updating, including a new roof and all new siding in 2021. All six units have been renovated. With updates like multiple new HVAC systems and water heaters. the sale also includes an additional parcel to the west, with the potential to rebuild another six-unit structure on the site where a previous building stood. Prospective buyers should explore grant programs that may support this rebuilding opportunity, adding further value to the property. This is an ideal opportunity for investors looking for a property with minimal initial maintenance and significant growth potential. "Professional photography was taken prior to units being occupied"
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Location
- CountyOrParish: Sangamon
- Directions: From North 9th St to W on Ridgely
Building Details
- ParkingTotal: 6
- NewConstructionYN: No
- Heating: Forced Air, Natural Gas
- Basement: Crawl Space
- Exterior material: Wood Siding
- Roof: Shingle
- Parking: Assigned
Amenities & Features
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- FireplaceYN: No
- PoolPrivateYN: No
- Cooling: Central Air
