🏡 100% Occupied Springfield Rental Package side by side | 2 Cash-Flowing Homes

• 2 Beds / 1 Baths • 1,000 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1000
  • No Garage

Description

Two side-by-side 2 Bed / 1 Bath single-family homes with major mechanical updates already completed. An excellent opportunity for investors looking for immediate cash flow with limited deferred maintenance.

📍 1608 E Clay St.

  • Currently rented for $900/month (Lease through February 2027)
  • Full basement
  • New Goodman furnace (2021) & updated A/C
  • Full PVC & PEX plumbing (2020)
  • Updated 100-amp electrical service
  • Roof approximately 10 years old
  • Updated kitchen & bathroom
  • Luxury Vinyl Plank flooring
  • Stove & refrigerator included
  • Mostly cosmetic exterior improvements and landscaping remain

📍 1612 E Clay St.

  • Recently rented for $900/month
  • Full basement
  • Freshly painted and cleaned prior to tenant move-in
  • New Goodman furnace (2021)
  • Full PVC & PEX plumbing (2020)
  • Updated 100-amp electrical service
  • Roof approximately 10 years old
  • Updated kitchen & bathroom
  • Luxury Vinyl Plank flooring
  • Stove & refrigerator included
  • Minor cosmetic repairs remain (small wall patches and porch railing)

💰 Investment Details

  • Package Price: $85,000 (42,500 per proeprty)
  • Current Gross Rent: $1,800/month
  • Property Taxes: Approximately $750/year per property
  • Closing: On or before August 18th 2026

Estimated Spread

  • ARV $120,000
  • Price $85,000
  • Spread $35,000