1021 S Lexington AVE Active Save Request In-Person Tour Request Virtual Tour
Springfield,MO 65802
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Loren Place
MLS Listing ID SOM60309347
Year Built 1981
Annual Tax Amount $3,308
Tax Year 2024
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Duplex
Source somo
Property Description
Incredible investment opportunity in a high-demand Springfield location! This package includes four all-brick duplexes--eight total units--located at 1021, 1027, 1033, and 1039 S Lexington Avenue, all situated on a single 0.69-acre parcel. Each unit is approximately 800 square feet and features 2 bedrooms and 1 bathroom. All eight units are currently occupied, generating a total monthly rent of $6,225, with market rent potential of approximately $6,800/month. The buildings have low-maintenance brick exteriors and offer paved, off-street parking for tenants. Located just minutes from nearby shopping, dining, and with quick access to Hwy 13, this property offers strong tenant appeal and excellent occupancy history. Investors will appreciate the consistent cash flow, rental upside, and the ease of managing all units on one parcel.
Location
State MO
County Greene
Zoning INC
Direction North on Hwy 13, East on Grand St, South on Lexington Ave.
Interior
Heating Central
Cooling Central Air
Fireplace No
Heat Source Central
Exterior
Parking Features Paved Area
Utilities Available Community,Water Available,Sewer Available,Natural Gas Available,Electricity Available
Waterfront Description None
Roof Type Composition
Building
Sewer Public Sewer
Water City
Structure Type Brick
Schools
Elementary Schools Sgf-Mcgregor
Middle Schools Sgf-Westport
High Schools Sgf-Parkview
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional