Listed By
Agency Name: Kemp Real Estate
Agency Phone: 507-828-6696
Shown By
Agent Name: John Gellerman
Agent Phone: (612) 990-6004
Agency Title: Counselor Realty
Property Description
Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue.The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one.A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking.This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside.
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305 N Van Buren Avenue, Springfield, MN 56087
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$ 1,935.06 per month $1,596.73 Principal & Interest $250.83 Property Tax $87.50 Homeowner's InsuranceChange Payment Information
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305 N Van Buren Avenue, Springfield, MN 56087
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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305 N Van Buren Avenue | MLS# 7129280
This multi-family property located at 305 N Van Buren Avenue, Springfield, MN 56087 is currently listed for sale with an asking price of $300,000. N Van Buren Avenue is located within the Springfield school district. Search Springfield real estate on jgellerman.counselorrealty.com today.