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$ 1,999,000
Est. payment | /mo
0.51 Acres Lot
$ 1,999,000
Est. payment | /mo
0.51 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60283814
Year Built 2010
Annual Tax Amount $18,400
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Multi Family
Source somo
Property Description
Well cared for multifamily investment opportunity, walking distance from both Missouri State University and Downtown Springfield. Property features 32 leasable units (8 four-bedroom apartments, rent-by-the-bed concept). 1:1 parking ratio, with gated, securely fenced off-street parking, a rare and valuable amenity for the area. Owners have updated interior of units, which feature shared kitchen, living room, balconies and in-unit washer/dryers. This investment makes a great addition to a real estate portfolio. With a stable rental history and property management in place, this can be a turnkey hands-off investment for its new owner.Property Description:- Multifamily-Student Housing,- 4 Stories,- 8 units total (4 bed/4 bath, 1410 sf each),- 32 Beds total. Rent by the bed concept,- 11,280 sf rentable (12,356 sf Internal),- Built: 2010,- Zoned CC,- Secure/gated parking: 34-35 spaces (1:1 ratio),- $450-500/mo per bed or $1800-2000/mo per unit,Highlights:- Gated private parking,- Video Security, Secure Access,- By the Bed concept,- Renovated 2019-21 with premium finishes interior/exterior,- Leed construction,- All utilities Included,- Good Rental History,
Location
State MO
County Greene
Zoning CC
Direction From Sunshine St and Hwy 65 in Springfield, head West on Sunshine St, North on National Ave and West on Walnut St. The property is on the South side of the road.
Interior
Heating Central
Cooling Central Air
Fireplace No
Heat Source Central
Exterior
Waterfront Description None
Building
Sewer Public Sewer
Schools
Elementary Schools Sgf-Rountree
Middle Schools Sgf-Jarrett
High Schools Sgf-Parkview
Listed by Matt M Miller Murney Associates - Primrose