Light Rehab Springfield Rental on a Large Lot – Big Upside and Multifamily Potential

2 Beds / 1 Baths • 1,160 SqFt
Offer Submission Deadline
  • Single Family House
  • 2
  • 1
  • 1951
  • 1160
  • 12807
  • No Garage

Description

Address: 1060 S Main Ave, Springfield, MO 65807

Beds/Baths: 2 Bed | 1 Bath

Square Footage: Approx. 900 SqFt

Current Rent: $775/month (Tenant vacating November 1st)

Asking Price: Contact for pricing

Located just south of downtown Springfield, this property offers a rare investment opportunity in an area undergoing steady redevelopment and new multifamily construction. With a large lot, recent updates, and minimal rehab required, 1060 S Main Ave is a perfect candidate for a value-add rental or future redevelopment project.

Property Highlights:

  • Recently updated and in solid condition throughout
  • Brand-new roof installed September 2025
  • New carpet needed in bedrooms and a few window replacements recommended
  • Structurally sound, all major systems in good working order
  • Large lot offering room for expansion or additional units
  • Currently rented for $775/month with tenants vacating November 1st
  • Projected rent of $1,000+/month with light cosmetic updates

This property provides excellent cash flow potential with minimal upfront work. A simple refresh of paint, flooring, and windows will bring it to full market condition and quickly increase rental income.

What makes this opportunity even more attractive is the neighboring property at 1068 S Main Ave, which is also available for purchase. Together, these two adjacent lots offer the potential for future multifamily development or a small rental portfolio in one of Springfield’s most active investment corridors.

As new apartments and townhomes continue to rise nearby, these properties position you perfectly to benefit from the area’s growth, appreciation, and increasing rental demand.

Buy individually or together for maximum long-term upside.

Light rehab. Strong rental market. Multifamily potential.

Estimated Spread

  • ARV $140,000
  • Price $80,000
  • Spread $60,000