Property Description

401 S Springfield Road presents a rare opportunity to acquire a mixed-use investment property in the heart of Clifton Heights, Delaware County. The building consists of 5 total units, including 2 established commercial spaces at street level and 3 residential apartments on the upper floors, creating a diversified income stream with both stability and upside potential. The commercial component is anchored by a long-standing hair salon and an auto detailing and vehicle wrap business, providing consistent tenancy and strong visibility along the heavily traveled Springfield Road corridor. Above the commercial spaces are three residential units consisting of an occupied two-bedroom apartment (Unit 1A), a recently renovated one-bedroom apartment (Unit 1B) featuring a brand-new kitchen and modern updates, and a spacious third-floor two-bedroom apartment (Unit 2B) that offers significant value-add potential through future renovation. The property currently generates $6,090 per month in gross rental income, including projected rent for the newly renovated Unit 1B. Pro forma rents projected between $6,850 and $7,200 per month. This asset offers investors an attractive combination of in-place cash flow, diversified tenancy, and achievable upside through strategic improvements. With strong rental demand in Delaware County and limited mixed-use inventory available for purchase, 401 S Springfield Road represents an excellent opportunity for both seasoned investors and owner-operators seeking long-term value creation.

Property Features

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