Home / Jordan Weber / Off market, cas...

Off market, cash flowing rental in Springfield MO

2 Beds / 1 Baths • 1,184 SqFt

Available

Offer Submission Deadline

House Type Single Family House
Bedrooms 2
Bathrooms 1
Year Built 1948
Approx.SqFt. 1184
Lot size SqFt. 1184
Garage No Garage

Description

Cash-Flowing Rental in Growing Springfield Corridor – New Roof, Great Tenant, and Expansion Potential

1068 S Main Ave, Springfield, MO 65807

2 Beds | 1 Bath | Rented for $1,000/month | 936 SqFt (approx.)

ARV: ~$130,000 | Offered Below Market

Located just south of downtown Springfield, this income-producing single-family rental offers strong cash flow and sits in a rapidly redeveloping area seeing significant multifamily and mixed-use investment. Major new apartment projects and townhome communities are underway nearby — driving steady rental demand and increasing property values along the South Main corridor.

This home features:

New roof — major system already taken care of
Structurally sound with solid bones
Minimal cosmetic rehab only: flooring and paint would quickly raise value and rent potential
Currently leased at $1,000/month with reliable tenants
Low-maintenance layout ideal for long-term hold or Section 8 conversion
Excellent access to downtown employers, MSU, OTC, shopping, and transit lines

Whether you’re looking for a steady turnkey performer or planning a small portfolio build-out, this property checks the boxes.

Bonus Opportunity:

The neighboring home at 1060 S Main Ave is also available, allowing you to control two adjacent income properties — a rare find in this growth corridor. Combine both for a mini-portfolio, or position them for future redevelopment as the area continues to attract multifamily developers and value-add investors.

Strong rental market. Light rehab. Excellent appreciation upside.