Ape Ridge Holdings
Listed by Ape Ridge Holdings
$850,000
987 Clock Tower Dr
Details
APN 14-31.0-376-015
Property Type Retail, Multifamily
Sub Type Storefront, Apartment Building
Square Footage 8,500
Units 11
Cap Rate 9.88%
NOI $83,940
Occupancy 100%
Tenancy Multi
Lease Type Gross
Year Built 1980
Year Renovated 2025
Stories 2
Lot Size (SqFt) 28,796
Zoning S-2
Parking Spaces 33 spaces
Parking Per SqFt 3.88
Investment Type Stabilized
Ground Lease No
Mixed Use | 9.88% CAP | Stabilized Diversified Income | 100% Occupancy | Residential & Commercial
Marketing description
11-Unit Mixed-Use | 9–10% Cap | High-Income Asset
Exceptional mixed-use investment opportunity in
Springfield featuring 11 income-producing units.
6 residential apartments (1 bed / 1 bath, W/D in each
unit)
5 commercial units (each with private bathroom)
Annual Gross Income: $120,720
NOI: $83,940
Cap Rate: ~9-10%
Investment highlights
- Diversified tenant mix
- Strong in-place income
- Ideal for 1031 exchange or portfolio expansion
- Seller is offering properties FSBO and will cooperate with buyer agents. Seller is offering a 2.5% buyer agent commission
Listing Contacts
Ape Ridge Holdings
Listed by Ape Ridge Holdings
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$83,940.00
$6,995.00/mo
Valuation Metrics
0
DSCR
9.88%
Cap Rate
9.88%
ROI
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Tax History
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