Property Description:
1940 W Thoman St. is a solid investment opportunity right here in Springfield, with great cash-flow or flip potential. The house has a fenced yard, solid concrete front porch and comes with an empty lot directly behind it. The house was rented out for years and the tenants just moved out about 3 months ago.
The outside of the house needs minimal work. It has a good metal roof, good vinyl siding as well as gutters and soffit. The windows are older and need replaced. The house had a new weather-head put on it recently and the owner had the fuse box replaced with a breaker box and upgraded electrical.
The house will need a good rehab throughout the inside. It needs some drywall work, new flooring, a kitchen redo and update, a complete bathroom rehab and cosmetics. The plumbing and electrical both work well with no known issues.
The ARV on the house and lot is $75,000. I am asking $27,000.
Feel free to reach out to me at 417-569-5078 anytime. I have more pictures of the property and the house has a lockbox and can be viewed anytime. Thanks