351 Ludlow Avenue

Springfield, OH 45505

$32,000
Last Sold Price
6
Beds
2,636 Sq. Ft.
$12 / Sq. Ft.
2,636
Sq. Ft.
$12
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 8/29/23
Closed 8/29/23

Description

Welcome to this fantastic multiplex property with great investment potential! This multiplex offers a total of four units, making it an ideal opportunity for investors seeking a cash flow property. With two spacious 2-bedroom, 1-bathroom units and two cozy 1-bedroom, 1-bathroom units, this property caters to a variety of tenants, ensuring a steady stream of rental income. While the property currently requires an overhaul, this presents an excellent opportunity for investors to add value and maximize...Welcome to this fantastic multiplex property with great investment potential! This multiplex offers a total of four units, making it an ideal opportunity for investors seeking a cash flow property. With two spacious 2-bedroom, 1-bathroom units and two cozy 1-bedroom, 1-bathroom units, this property caters to a variety of tenants, ensuring a steady stream of rental income. While the property currently requires an overhaul, this presents an excellent opportunity for investors to add value and maximize their returns. Whether you're a seasoned investor or a savvy developer, this summer project offers the potential to transform this property into a profitable asset. Please note that this listing is available for cash buyers or those with access to construction loans, as financing options may be limited due to the property's current condition. However, the investment potential and future cash flow make this property an attractive prospect for those willing to put in the effort. Don't miss out on this exciting investment opportunity. Take advantage of the summer season and turn this multiplex into a cash flow property that will generate substantial returns for years to come. Contact us today to schedule a viewing and explore the endless potential of this multiplex gem.
  1. Listed by Leslie Wade • Brokerage DRE #0700333098 • Coldwell Banker Heritage
    P: (937)-322-0352 melissa.zimmer@coldwellbanker.com

Property Details for 351 Ludlow Avenue

Architectural Style
Old World
Subdivision Name
Ludlow Add
Zoning Description
Residential
LISTING CLOSED: 08/29/2023 12:00 AM

Property Details for 351 Ludlow Avenue

StatusClosed
MLS #1026084
Days on Market67
Taxes$1,604 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.11 AC / 4,791 SF
CountyClark County
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Location

Listing Courtesy of Coldwell Banker Heritage

Sold By Lagonda Creek Real Estate, LLC

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Building Information for 351 Ludlow Avenue

Stories-Residences4Year Built1900Building Size-Lot Size0.11 AC / 4,791 SF

Payment Calculator

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$293 per month

30 year fixed, 6.36% Interest

Principal and Interest

$159

Property Taxes

$134

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 351 Ludlow Avenue

Summary
Location and General Information
  • Directions: From exit 54, merge onto N. Limestone St. Continue straight for a couple of miles, cross over the bridge passing Springfield Stem Academy School on your right. Once you reach the bridge, you will make an immediate right on High Street. Follow until you reach Ludlow Ave, make a right and go 2 blocks, 351 Ludlow is on the corner. Street parking only.
  • High School District: 1206 Springfield CSD
  • MLS Area Major: 013 S OF MAIN / E OF LIMESTONE
  • MLS Area Minor: 013 S OF MAIN / E OF LIMESTONE
  • Township: Springfield
Taxes and HOA
  • Parcel Number: 3400700028213016
  • Parcel ID: 3400700028213016
  • Semi Annual Tax: $801.86
  • Tax Year: 2022
Parking
  • Has Attached Garage: No
  • Parking Features: No Garage
Virtual Tour
Property
Lot Information
  • Building Area Total: 2636.0
  • Lot Features: Residential Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Dimensions: 50*100
  • Lot Size Square Feet: 4791.6
  • Lot Size Units: Acres
Property and Assessments
  • Construction Materials: Asbestos
  • Auction: No
  • Manufactured Home: No
  • Water Source: Supplied Water
  • Year Built: 1900
Building Features
  • Foundation Details: Block
  • Levels: Two
  • Structure Type: Triplex
Taxes and HOA
  • Condo Lot: No
  • HOACOA: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected
Interior and Exterior Features
Interior Features
  • Basement: Full, Unfinished
  • Bathrooms Full: 4
  • Bathrooms Total Decimal: 4.0
  • Bathrooms Total Integer: 4
  • Bedrooms Total: 6
  • Cooling: Wall Unit(s)
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
Exterior Features
  • Patio And Porch Features: Porch
Multi Family
Multi Family Information
  • Number Of Units Total: 4
  • Units Rooms : 1 Bedroom: 2
  • Units Rooms : 2 Bedrooms: 2.0
Income & Expenses
  • Units Rooms : Gross Monthly Rent: $2,000.00
Unit Information
Unit 1
  • Bedrooms: 2
  • Full Baths: 1
  • Garage Attached: No
Unit 2
  • Bedrooms: 2
  • Full Baths: 1
  • Garage Attached: No
Unit 3
  • Bedrooms: 1
  • Full Baths: 1
  • Garage Attached: No
Unit 4
  • Bedrooms: 1
  • Full Baths: 1
  • Garage Attached: No
Rental
Rent Information
  • Occupant Type: Vacant

Property History for 351 Ludlow Avenue

DateEvent & SourcePriceAppreciation
Aug 29, 2023

Sold

Western Regional Information Systems & Technology #1026084

$32,000—
Jun 25, 2023

Contract Signed

Western Regional Information Systems & Technology #1026084

—
Jun 25, 2023

Listed (Active)

Western Regional Information Systems & Technology #1026084

$35,000—
DateEvent & SourcePrice
08/29/2023

Sold

Western Regional Information Systems & Technology #1026084

$32,000
06/25/2023

Contract Signed

Western Regional Information Systems & Technology #1026084

—
06/25/2023

Listed (Active)

Western Regional Information Systems & Technology #1026084

$35,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 351 Ludlow Avenue

This home is within Springfield City School District.
Rating
School
Type
Grades
Distance
Mann Elementary School
Public - K to 6
Schaefer Middle School
Public - 7 to 8
Springfield High School
Public - 9 to 12
Springfield School of Innovation
Public - 9 to 12
Rating
School
Distance
Mann Elementary School
PublicK to 6

Schaefer Middle School
Public7 to 8

Springfield High School
Public9 to 12

Springfield School of Innovation
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Heritage

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