1701 Lexington,Springfield, OH 45505
Springfield, OH 45505
Description
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!
Details
| MLS # | 921811 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Year | 1891 |
| Days On Site | 191 |
| Listing Provided By | Real Estate II Inc. | Alva L Fulk |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 6,468 |
| Basement | Y |
| Acreage | 0.17 |
Taxes
| Property | 3312 |
|---|
Area Information
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45505 |
| Area | Clark |
| Community Name | Brain |
| School District | Springfield |
| Listing VS Median (in Brain) | |
Price: $690,000 low | high Med: $690,000 sqft: 6,468 low | high Med: 6,468 $ / sqft: $107 low | high Med: $107 On site: 191 low | high Med: 191 | |
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Learn More About This Property
| State | OH |
|---|---|
| County | Clark |
| City | Springfield |
| Zip Code | 45505 |
| Area | Clark |
| Community Name | Brain |
| School District | Springfield |
| Listing VS Median (in Brain) | |
Price: $690,000 low | high Med: $690,000 sqft: 6,468 low | high Med: 6,468 $ / sqft: $107 low | high Med: $107 On site: 191 low | high Med: 191 | |