

16-Unit Multifamily Package
Renovated in 2021 | $79,063/unit
Marketing description
PROPERTY DESCRIPTION
Thank you for viewing this unique opportunity to purchase this 16-unit multifamily package near downtown Springfield, Missouri. This package consists of two, eight-unit apartment complex's sitting side by side located at 608 & 614 W. Walnut Street. The unit mix includes a combination of 2 bed, 1 bath units, and 1 bed, 1 bath units. 15 of the 16 units have been fully renovated since 2021, including major CapEx improvements such as new roofs, HVAC, plumbing, and more. Current Occupancy is 68.75% providing an opportunity for increased revenue and a higher return on investment. Please contact the listing agent for additional information.
LOCATION DESCRIPTION
Located near the intersection of Main Street and W. Walnut Street in Springfield, Missouri this property sits just west of downtown, within walking distance to an immense number of retailers, restaurants and amenities including the University Plaza Hotel, Gilloz Theatre, Civil Kitchen, Gailey's Breakfast Cafe, Mother's Brewing Company, Rage Fitness, Missouri State University, Route 66 Springfield Visitor Center, Jenny Lincoln Park and more.
Investment highlights
OFFERING SUMMARY
SALE PRICE: $1,265,000
PRICE / UNIT: $79,062.50
UNIT COUNT: 16
UNIT MIX: Nine: 2 bed, 1 bath Seven: 1 bed, 1 bath
RENOVATED: 2021
TOTAL BUILDING(S) SIZE: 14,924 SF
CROSS STREETS: W. Walnut Street & Main Street
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