Four bedroomsFull basementNearly half an acreSingle-family home
LAND CONTRACT OPTION! Located at 517-515 W Broadway Ave in Springfield, this is the kind of opportunity buyers look for when they are ready to take that first real step into real estate. Walk through this property and start thinking about what it could become. It is currently set up as a single-family home, but the layout was previously used as a two-family and may offer the potential to be converted back, subject to buyer verification of zoning, permits, and intended use. With approximately 1,884 square feet, four bedrooms, two full bathrooms, a full basement, and nearly half an acre, there is room here to build something that fits your plan.
Land contract terms are available, creating an alternative path to ownership that may allow you to move forward without traditional financing, subject to agreed terms and buyer qualification. For buyers looking to get started or expand, this property may support a range of approaches such as house hacking with potential rental use, exploring a BRRRR strategy, or creating a long-term rental setup. The real value here is the ability to step in, make improvements over time, and shape the property around your goals, all subject to your own due diligence and verification.
Opportunities offering flexible terms and multiple potential paths like this are not always easy to find.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.