820 W Liberty St. Springfield, OH. 45506 (DUPLEX)

Price: $39,900

Price: $19,995

DUPLEX

820 W Liberty St

Springfield, OH. 45506

Price: $39,900

Price: $19,995

DUPLEX

820 W Liberty St.

Springfield, OH, 45506

Rehab Needed: $18,000-$35,000

ARV: $84,000

Possible Rent: $1,600

Price = $19,995

Bedrooms: 4

Bathrooms: 2.0

Stories: 2

Basement: Full

Square Feet: 2,238

Lot Size: 0.20 Acre

Garage: None

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Property Type: 2-Family Duplex

Year Built: 1893

Exterior: All Brick

Total Bedrooms: 4 (2 per unit)

Total Bathrooms: 2 (1 per unit)

Total Square Footage: 2,328 sq. ft.

Lot Size: 0.20 acre

Description:

This 2-family duplex is a 2-story building with a sturdy all-brick exterior, constructed in 1893. Each unit offers 2 bedrooms and 1 bathroom, with a total of 2,328 square feet of living space. The property sits on a 0.20-acre lot.

Currently, the building is undergoing a remodel, but significant work remains to be completed. While much of the drywall has been hung, some sections still require installation and finishing. Additionally, both bathrooms and kitchens have been gutted and need complete replacement. The flooring has been removed entirely, necessitating the buyer to install new flooring throughout the property. Furthermore, new windows are required as some have been broken and boarded up.

This property presents a unique investment opportunity for a buyer capable of completing the renovations and capitalizing on its potential as a functional and profitable duplex.

Photos of the property

ARV Comparable Sales

Comp 1

Address: 216-218 S Race St

Sales Price: $85,000

Sales Date: 1/31/2023

Distance Away: 0.54 Mile

Square Footage: 2,370

Year Built: 1891

Bed/Bath: 4 / 2.0

Basement/Finish: CRAWL

Garage: NONE

Comp 2

Address: 240-242 Parkwood Ave

Sales Price: $90,000

Sales Date: 1/5/2023

Distance Away: 0.70 Mile

Square Footage: 2,720

Year Built: 1927

Bed/Bath: 6 / 2.0

Basement/Finish: Full/Unfinished

Garage: 2 Car Detached

Comp 3

Address: 102-104 S Race St

Sales Price: $70,000

Sales Date: 1/5/2023

Distance Away: 0.64 Mile

Square Footage: 2,352

Year Built: 1891

Bed/Bath: 4/ 2.0

Basement/Finish: Partial/Unfin

Garage: NONE

Comparable Sales

Comp 1

Comp 2

Comp 3

Address

216-218 S Race St

240-242 Parkwood Ave

102-104 Race St

Sales Price

$85,000

$90,000

$70,000

Sales Date

1/31/2023

1/5/2023

1/5/2023

Property Type

DUPLEX

DUPLEX

DUPLEX

Distance Away

0.54 Mile

0.70 Mile

0.64 Mile

Square Feet

2,370

2,720

2,352

Year Built

1891

1927

1891

Beds/Bath

4/2.0

6/2.0

4/2.0

Basement/Finish

CRAWL

Full/Unfinished

Partial/Unfinished

Garage

NONE

2 Car Detached

NONE

820 W Liberty St, Springfield, OH 45506, USA

Comps to support ARV

Comp 1

Comp 2

Comp 3

Address

154 N Woodward Ave

830 Upland Ave

23 Upper Ave

Sales Price

$63,000

$95,000

$82,500

Sales Date

10/21/2022

08/02/2022

9/27/2022

Distance Away

0.4 Miles

.99 Miles

0.7 Miles

Square Feet

1,280

1,568

1,320

Year Built

1905

1948

1930

Beds/Bath

3/1.0

4/2

3/1

Comps to support ARV

Comp 1

Address: 154 N Woodward Ave

Sales Price: $63,000

Sales Date: 10/21/22

Distance Away: 0.4 Miles

Square Footage: 1,280

Year Built: 1905

Bed/Bath: 3 / 1.0

Comp 2

Address: 830 Upland Ave

Sales Price: $95,000

Sales Date: 8/2/22

Distance Away: .99 Miles

Square Footage: 1,568

Year Built: 1948

Bed/Bath: 4 / 2

Comp 3

Address: 23 Upper Ave

Sales Price: $82,500

Sales Date: 9/27/2022

Distance Away: 0.7 Miles

Square Footage: 1,320

Year Built: 1930

Bed/Bath: 3/1