PRICE REDUCED! Opportunity awaits at 126 E. Cassilly St.,Springfield's desirable College Hill neighborhood. Investors seeking strong cash-flow potential or an owner-occupant looking to offset your housing costs, this vacant three-unit property offers exceptional flexibility and upside.
All three units are currently vacant, allowing the next owner to select tenants, establish market Based on recent rental history, the property has the potential to generate approximately $3,800 per month in gross rental income, with the first and second-floor units previously renting for $1,500 per month each and the third-floor unit renting for $800 per month.
Built in 1913 and offering approximately 3,350 square feet of living space, this spacious triplex features two large units on the first and second floors, each offering 2 bedrooms with potential for a third bedroom, plus a third-floor 1-bedroom apartment. The layout provides multiple income options and strong appeal for long-term tenants.
Investors will appreciate that tenants pay their own gas and electric, helping reduce operating expenses. The roof was updated approximately six years ago, providing additional peace of mind. An adjacent lot is included, offering valuable off-street parking opportunities or additional outdoor space for tenant enjoyment.
Location is a major advantage. Situated just blocks from Wittenberg University and minutes from downtown Springfield, Snyder Park, Buck Creek, shopping, dining, and the area's bike trail system, the property benefits from strong rental demand and convenient access to local amenities.
Properties offering this combination of size, income potential, location, and value are increasingly difficult to find. With all units vacant and ready for immediate occupancy or lease-up, this is an excellent opportunity to build equity, maximize cash flow, and add a solid performing asset to your portfolio. Property is being sold as-is. Schedule your showing today.