3 Apartment Complex Investment
Listing was updated at: 04/24/2019
Property Overview
Price/Rent PSF $ 20,609,040.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 303,720
Date Available 04/17/2019
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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
PRICE REDUCED-Thank you for looking at the 3 apartment complex investment located in Springfield and Nixa, MO.
This portfolio is being offered at a 7.5% cap rate based on 2018 actual NOI.
Clifton Heights is 42 units that includes 12 1BR & 19 2BR units & 11 3BR units built in 2007.
Southernwood is 96 units that includes 28 1BR units & 68 2BR units built in 2007.
South Valley includes 120 2BR units built in 2005.
These properties have great rental history and are located in a very stable market.
Properties have plenty of onsite surface parking spots.
Do not visit property without prior approval. Do not disturb tenants or staff.
Prospective buyers must sign confidentiality agreement for any financial information.

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

Location