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1305 Springfield Dr, Midland, MI 48642

$375,000
: 8
BD
: 4
BA
: 3,268
SqFt

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Sold Price: $375,000
List Price: $389,000
Status: CLOSED
Closing Date: Feb 19, 2026
MLS#: 50193719
Subtype: Residential Income
Year Built: 1984
Bedrooms: 8
Bathrooms: 4
Full Baths: 4
Living Area: 3,268
Lot Size: 10,890
Acres: 0.25
Subdivision: Lincoln Manor
MLS Area Major: Midland (56020)

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Property Description

Excellent Investment Opportunity! This profit-making 4-unit all-brick property offers strong rental income and modern updates throughout. Each apartment features newer luxury vinyl flooring or carpet, fresh paint, updated countertops, and vanities. Major improvements include a newer roof, furnaces, and A/C units. Each unit has 2 bedrooms and 1 full bath. Each unit has separate utilities—individual furnaces, central air, water heaters, and electric meters. Apt 1 and Apt 2 have private fenced in yard. Apt 3 and Apt 4 have balconies. Tenants pay their own utilities; landlord covers lawn care and snow removal. Total monthly rent is approximately $3,300, plus an additional ~$700/year from the shared coin-operated laundry. Apt 2 is currently vacant for easy showings; the remaining units are fully occupied with tenants. A turnkey, income-producing property ready for your portfolio! Don't wait, call for your private tour TODAY!

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Additional Information

Exterior Features: Sidewalk
Taxes: $8,105
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer, LP Gas Water Heater
Heating: Forced Air
Air Conditioning: Central Air
Stories: 2
Levels: Two
Foundation: Basement
Parking Features: Covered, Garage, Lighted
Garage Spaces: 2
School District: Midland Public Schools