Listed By
Agency Name: Roost Real Estate Co.
Agency Phone: (937) 390-3715
Agent Name: Priscilla L. McNamee
Shown By
Agent Name: Karen Fitzpatrick
Agent Phone:
Agency Title: Cutler Real Estate
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Property Description
Value-add opportunity with multiple income possibilities on this two-parcel property located at the corner of Lagonda and Farlow. Included in the sale is an additional parcel at 0 Farlow currently used for off-street parking.The upper unit is leased to a long-term tenant at $600 per month, providing immediate income. The main level offers significant upside and flexibility. Currently configured with a front office area and a one-bedroom apartment, the layout can be easily reimagined due to minimal interior structural constraints.The main level presents several options for the next owner: Convert to a larger single unit with expanded living space Reconfigure into a 2-3 bedroom unit Explore the potential to create multiple rental units (buyer to verify zoning and use)Previously operated as a neighborhood pub, the space offers an open footprint that is difficult to find in similar properties, making it ideal for redevelopment or repositioning.Additional improvements include updated electric panels, replacement windows, siding, and a complete tear-off roof in 2004. Gas is currently on one meter, with owner covering gas, water, sewer, and trash.With an existing tenant, additional parcel for parking, and a highly flexible main level ready for improvement, this property offers a strong opportunity for an investor to increase value and maximize returns.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space, Partial
Cooling: Window Unit(s)
Days on Market: 81
Garage: No Garage
Heating: Forced Air, Space Heater, Natural Gas
Lot Size: 0.06 Acres
Stories: 2.0
Taxes: $996
Year Built: 1920
Amenities
Porch
Feature Descriptions
Additional Parcel ID: 3400700029306023
Exterior: Vinyl Siding
Foundation: Stone
Lot: Residential Lot
Lot Dimensions: .0649 acre
Parcel ID: 3400700029306010
Sewer: Public Sewer
Special Features: Bath 1st Floor, Bed 1st Floor
Structure Type: Duplex
Utilities: Natural Gas Connected, Separate Meters, Sewer Connected
Water: Supplied Water
Zoning: Residential
Local Schools
School District: Springfield
Estimate Your Payment
Estimated Payment
$ 781.15 per month $660.27 Principal & Interest $83.00 Property Tax $37.89 Homeowner's InsuranceChange Payment Information
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1223 Lagonda Avenue | MLS# 1043773
This multi-family property located at 1223 Lagonda Avenue, Springfield, OH 45503 is currently listed for sale with an asking price of $129,900. Lagonda Avenue is located within the Springfield school district. Search Springfield real estate on string.cutlerhomes.com today.