11 Unit Multifamily Building For Sale
Listing was updated at: 10/17/2019
Property Overview
Price/Rent PSF $ 185,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 3,566
Date Available 10/17/2019
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Description

Location
Springfield is the third largest city in Missouri and the county seat of Greene County. It is home to three universities including Missouri State University, Drury University and Evangel University as well as several other colleges. City population is 166,810 with MSA of 456,456. Springfield has a strong and stable employment sector with 3.5% current unemployment.

Sale
Thank you for viewing the Multifamily Property For Sale located near Kansas Expressway & Kearney.
All apartments are well maintained and partially furnished with refrigerators and microwaves.
Some units have been fully remodeled since 2017 and several windows have been replaced this year.
Property is being offered at a 10.5% cap rate based on 2018 actual figures with upside based upon income from 2016 & 2017. Seller chose not to make 3 units available during 2018.
All units are studios, except Unit L & I have two rooms.
All units have private bathrooms, except Units E, F, & G which share a bathroom.

For more detailed information please contact Lee McLean at 417.887.8826 or lee.mclean@svn.com

Location