Investors, this one pencils. Built in 1893 and sitting on a 0.09 acre lot in Springfield's Riceville area, this 1,116 sq ft home has already had the expensive exterior work handled: vinyl siding is on, and most of the windows have been replaced. That means your rehab dollars go where they actually return, which is inside. The layout gives you room to work. The main floor can accommodate a third bedroom, and there's space to add a half bath or a full bath depending on how you want to spec it. Add baseboard heat to the front and back porches and you bring the finished square footage to roughly 1,422, which puts projected resale in the $150,000 to $160,000 range. Cosmetic scope, good bones, clear exit. Bring your contractor and your numbers. Property Sold AS IS. Buyer responsible for all inspections, testing, and due diligence.
Courtesy of Sam Cooper and Howard Hanna Real Estate Serv
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