Contacts

Lee McLean III, SIOR, CCIM

SVN | Rankin Company

Property Details

Property Type Multi-Family
Property Size 10,434 SF
Units 12
Lot Size 0.45 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 2023
Date Updated Dec 11, 2024

This new apartment building is located near downtown Springfield and within 1/2 mile from Missouri State University with over 17,000 students at the Springfield campus for fall of 2024. Located right between the dining and entertainment options in the heart of Downtown, the convenience of Walmart Neighborhood Market and MSU, all within less than 1/2 mile make this an ideal location for students and anybody looking for downtown living. Lee McLean, SIOR, CCIM is 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 InternationalREDUCED - Beautiful brand new construction apartment building for sale near Missouri State University and Downtown Springfield. The construction was just completed in November 2023 for this 12-unit apartment building. Each apartment is 2 bedroom, 2 bath with an approximately 807 square feet open floor plan. These units have stainless steel appliances, granite counter tops, LVT flooring, w/d hookups, and on-site parking. Tenants pay utilities. Property is 100% occupied. *Operating data based on market data and projections as well as current rents.

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Highlights

SALE PRICE: $1,970,000 (REDUCED)
UNITS: 12
OCCUPANCY: 100%
SIZE: 9,684 SF
LOT: 0.45 ac
CAP RATE: 6.6%* (pro-forma)
PARKING: Lot Onsite
BUILT: 2023

Attachments

12 Unit MUH Springfield MO - SVN Brochure (PDF) opens in new window

Getting around

79/100
Walk Score ®
83/100
Bike Score ®

Powered by Walk Score ®

City Springfield, MO
Neighborhood Downtown Springfield
Zip Code 65806

Points of Interest

Conoco

0.31 miles
Kum & Go

0.42 miles
Casey's General Store

0.47 miles
Price Cutter Express

1.10 miles
Casey's

1.95 miles
Tesla Supercharger

3.85 miles

Bear Park South

0.52 miles
Bear Park North

0.53 miles
Public Parking

0.62 miles
MSU Parking Lot #18

0.68 miles
Lot C

1.47 miles
C-Street City Market

2.00 miles
Trailhead Parking

2.43 miles
Park

2.77 miles
Bill & Payne Stewart

3.90 miles

Moxy Springfield Downtown

0.34 miles
Hotel Vandivort

0.43 miles
University Plaza Hotel and Convention Center

0.70 miles
Holiday Inn Express and Suites Springfield - Downtown

1.03 miles
Anglers Inn

1.31 miles
The Mansion at Elfindale

1.60 miles
BEST WESTERN Route 66 Rail Haven

1.75 miles
TownePlace Suites Springfield

1.82 miles
Lamplighter Inn & Suites

2.17 miles
Vīb Best Western Springfield

2.23 miles

Walmart Neighborhood Market

0.38 miles
Bistro Market

0.39 miles
Price Cutter

1.16 miles
Price Cutter Plus

1.16 miles
Hy-Vee

2.63 miles
Food 4 Less

2.69 miles
Big Lots

2.76 miles
ALDI

2.79 miles
Dillard's

2.96 miles
Macy's

3.00 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.