305 N Van Buren Ave Springfield, MN 56087

Listing details for 305 N Van Buren Ave, Springfield, MN 56087 : Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied. Current rental income is $2,930 per month, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond the current $2,930 per month. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside. Property Highlights: Four-unit apartment building 2 one-bedroom units 2 two-bedroom units All four units currently occupied $2,930/month current rental income Four detached garage stalls Potential to increase revenue through garage restructuring and rental adjustments Coin-operated laundry Corner lot Well-maintained property Established rental income Strong opportunity for future income growth Current income with additional upside — a great opportunity for an investor looking to add value and increase the property's earning potential.