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  • $690,000

    1701 Lexington Ave, Springfield, OH 45505

    4beds
    6,468sqft
    : 
    Business, Multi Family
    Built in 1891
    -- sqft lot
    $671,600 Zestimate®
    $107/sqft
    $-- HOA

    What's special

    Corner propertyContemporary hard surface flooringOff street parkingFully equipped salon suitesFully rented apartmentsHandicap accessible bathroomsSleek doors
    This newly renovated & re-imagined duplex in the heart of the Brain All subdivision is a prime opportunity for the next business-minded buyer! Located in an area known for its rich entrepreneurial heritage, this corner property has been transformed into a Self-Care Beauty Multi-Plex, offering a perfect blend of modern convenience & historic charm. This unique business complex is a HUGE money maker with weekly cash-flow! *Weekly Cash Flow: 4 Fridays-$5637 or 5 Fridays-$6425 (Current rates with 1 suite vacancy) The main level features 9 fully equipped salon suites, complete w/ shampoo bowls, stylish suits & ample lighting. Designed w/ contemporary hard surface flooring, white trim, & sleek doors, the interior creates a fresh, professional atmosphere. All suites are rented on a weekly basis, w/ just one currently available for a new tenant. The average suite size is 9x11 with 2 larger suites measuring 11x11.This level also offers 2 handicap accessible bathrooms plus a BIG entry waiting space. There's even an office suite; 11x11 w/ a private entry. For added convenience, a 9x10 community laundry/washroom is available for suite owners, making daily operations smooth & hassle-free. The property boasts a low 5% vacancy rate, proving its strong rental history. *Upper Level Income: Monthly=$2050 On the upper level (with outside entry) houses 3 fully rented apartments. 1 unit offers 2 bedrooms, 1 bath, kitchen & living room. These units have new cabinetry, hard surface flooring and same neutral interior paint.The stairway leads to the common area used for communal laundry facilities. These apartments are a great source of additional steady income. There is off street parking available behind building. Graveled lot. Back door exit accessible. Significant improvements including: new flooring in all units, updated plumbing, New flat roof. New HVAC system ensuring that this property is in move-in condition; turn-key business operation & equipped for the future!
    196 days
    on Zillow
    |
    150
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 05:28am

    Listed by:

    Alva Fulk 937-360-6862,

    Real Estate II, Inc.,

    Lori Fulk 937-360-3053,

    Real Estate II, Inc.

    Source: WRIST,MLS#: 1034977MLS Logo
    Travel times

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    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer, Gas Water Heater
    Features
    • Bath 1st Floor
    • Windows: Partial Window Coverings
    • Basement: Partial,Unfinished
    • Attic: Attic
    • Has fireplace: No
    Interior area
    • Total structure area: 6,468
    • Total interior livable area: 6,468 sqft

    Property

    Parking
    • Parking features: No Garage
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,500 Square Feet
    • Dimensions: 50 x 150
    • Features: Residential Lot
    Details
    • Parcel number: 340070002822200100
    • Zoning description: Commercial,Multiple

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Classic
    • Property subtype: Business, Multi Family
    Materials
    • Aluminum Siding
    • Foundation: Cellar
    Condition
    • Year built: 1891

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Supplied Water
    • Utilities for property: Natural Gas Connected, Sewer Connected

    Community & HOA

    Community
    • Subdivision: Brain All
    HOA
    • Has HOA: No
    Location
    • Region: Springfield

    Financial & listing details

    • Price per square foot: $107/sqft
    • Annual tax amount: $3,312
    • Date on market: 10/12/2024
    • Listing terms: Cash,Conventional
    • Ownership: Non-Occupant
    • Total actual rent: 7687
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