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About This Home
This 4-bedroom, 3-bathroom single family at 824 W Elm Street in Springfield, MO is listed for $237,000 ($144 per sqft). Built in 1912, the home offers 1,648 sqft of living space on a 0.18 acres lot.
Great opportunity to live in one unit and rent the other or add a cash flowing property to your portfolio. This versatile property features two living spaces on one lot, providing built-in income from day one.The main home (824 W Elm St) offers 3 bedrooms, 2 baths and 1,216 sq ft and is currently leased for $1,150 per month.
The separate upstairs apartment (826 W Elm St) includes 1 bedroom, 1 bath and 432 sq ft with its own private entrance and currently rents for $675 per month.Both units have already been remodeled and updated, making this a turnkey investment with a current combined monthly income of $1,825.
Current rents are below market, offering additional upside and opportunity for increased cash flow over time.Whether you're an investor looking for solid rental income or a buyer wanting to offset your mortgage by renting the second unit, this property offers flexibility and income potential.Conveniently located near downtown Springfield, schools, restaurants, and everyday amenities.
Key Features
- Built in 1912
- 0.18 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$1,268/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
824 W Elm Street
Springfield, MO 65806
McCluers MM
Property Details
Views
Pool Features
Heating
Cooling
Questions & Answers
This 4-bedroom, 3-bathroom single family at 824 W Elm Street is listed at $237,000 ($144/sqft). The estimated monthly payment is $1,027 based on 20% down at 6.5% interest.
Key features include: Built in 1912, 0.18 acre lot, 2 stories.
This property is listed by Dana R. Ingle and can be reached at 4174254826 or soldbydanaingle@gmail.com.
