1701 Lexington Avenue 1701 Lexington Avenue, Springfield, OH 45505

• 4 beds |
• 3 baths |
• 6,468 sqft

Property 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!

Listing Status:

Active

Date Added:

October 12, 2024 at 05:00AM

Listing Office:

Real Estate II, Inc. : (937) 390-3119

Listing Agent:

Alva Fulk : (937) 360-6862 ext. 9373606862

MLS ID:

1034977

Interior

• General: Attic
• Appliances: DryerGas Water HeaterWasher
• Basement: PartialUnfinished
• A/C: Central Air
• Heating: Forced AirNatural Gas

Exterior

• Style: Neoclassical
• Parking: No Garage

Construction

• General: Aluminum SidingTwoCellar

Location

• Originating MLS: Western Regional Information Systems & Technology (WRIST)
• School District: 1206 Springfield CSD
• County: Clark

Lot

• Zoning: 340070002822200100

Utilities

• Utilities: Natural Gas ConnectedSewer Connected
• Water: Supplied Water
• Sewer: Public Sewer

Financial

• Source: Western Regional Information Systems & Technology (WRIST)

This listing courtesy of Alva Fulk, Real Estate II, Inc.