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29680102
29680103

608 W Walnut St, Springfield, MO 65806

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC
$1,265,000
112 days on market
Updated 5 days ago

16-Unit Multifamily Package

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 14,924
Units 16
Occupancy 68.75%
Price per SqFt $85
Class C
Year Built 1911
Year Renovated 2021
Investment Type Value Add

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

Listing Contacts

JR
MO 2018038830
SVN Rankin Company, LLC
Listed by SVN Rankin Company, LLC

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