NEW APARTMENT COMPLEX FOR SALE

For Sale

735 South Ave, Springfield, MO 65806

This Springfield property for sale is located at 735 South Ave. The current listed sale price for NEW APARTMENT COMPLEX FOR SALE is $1,970,000. NEW APARTMENT COMPLEX FOR SALE is situated on a lot that is 0.45 acre in size.

Contacts

broker

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 Oct 8, 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

Getting around

  • 79/100

    Walk Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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.

Contact Listing Broker

broker

Lee McLean III, SIOR, CCIM

SVN | Rankin Company