Multifamily Apartments For Sale In South Springfield

Highlights:

• SALE PRICE: $1,900,000.00
• BUILDING SIZE: 16,416 SF
• LOT SIZE: 0.817 Acres
• PRICE / SF: $115.74
• # UNITS: 16
• PRICE / UNIT: $118,750.00
• LAYOUT: 2 Bed, 1.5 Bath
• OCCUPANCY: 81.25%
• CAP RATE: Contact Agent

Description:

SVN is pleased to offer this apartment complex for sale in Springfield, MO. The property consists of two buildings on one parcel with a total of 16 units. It is being offered at $1,900,00.00 or $115.74/SF. The current occupancy is at 81.25% providing a value add opportunity with improved leasing. The property is situated at a great Southeast Springfield location just off of James River Freeway and South Glenstone with many retail and restaurant options nearby.

These apartments are located within one of Springfield's most desirable areas to live. The property's accessibility to retail centers, food services, employment centers, and main thoroughfares is second to none. Notable organizations and landmarks near the property include: Walmart Supercenter, Andy's Frozen Custard, Chik-fil-A, Sequiota Park, Quarry Town, Primrose Marketplace, Target, Mid-Missouri Bank, Battlefield Mall, Galloway St, Glenstone Ave, Battlefield Rd, US Highway 60.

Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN International.

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