MLS Number: 60283814
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
Details
| MLS# | 60283814 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 2010 |
| Days On Site | 34 |
| Listing Provided By | Murney Associates - Primrose | Matt M Miller |
Features
| Units | 8 |
|---|---|
| Zoning | CC |
| Acreage | 0.51 |
Market Activity 65806
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Learn More About This Property
| State | MO |
|---|---|
| City | Springfield |
| Zip Code | 65806 |
| Community Name | N/A |
| School District | SGF-Parkview |
| Elementary School | SGF-Rountree |
| Middle School | SGF-Jarrett |
| High School | SGF-Parkview |
| Listing VS Median (in N/A) | |
Price: $1,999,000 low | high Med: $298,000 On Site: 34 low | high Med: 417.5 | |