418 Mockingbird Lane

Property Description

Vintage Park offers the opportunity to acquire a 70-unit, duplex-style multifamily asset in the highly desirable Nixa, Missouri submarket. The property features spacious two- and three-bedroom units ranging from 1,242 to 1,611 square feet with attached pull-in garages, a scarce and highly sought-after product type within the Springfield MSA. Vintage Park offers a clear path to approximately $314 per unit in rental upside through a measured interior renovation program and continued market rent growth. Offered at an attractive basis relative to unit size and replacement cost, the asset benefits from limited competing supply, strong local and regional demand, and favorable agency financing options, positioning Vintage Park as a compelling, risk-adjusted investment with both immediate income and long-term upside. PRIME VALUE-ADD UPSIDE OPPORTUNITY WITH ~$314 RENTAL UPSIDE Vintage Park provides a clear opportunity to enhance revenue through a targeted interior renovation program. Current average rents for two-bedroom units are approximately $1,145, with projected post-renovation rents ranging from $1,300 to $1,550 depending on unit size. The lone three-bedroom unit is currently leased at units are approximately $1,100, with upside to approximately $1,600 following upgrades. SPACIOUS TWO- AND THREE-BEDROOM UNITS WITH ATTACHED GARAGES The property consists of oversized duplex-style units ranging from 1,242 to 1,611 square feet, each featuring attached pull-in garages. These large-format floor plans are rare within the Springfield and Nixa markets and continue to be in high demand among renters seeking suburban living with space, privacy, and convenience. The unit mix supports strong rent positioning relative to conventional garden-style product in the area. PRIME NIXA LOCATION IN A HIGH-GROWTH SUBURBAN MARKET Vintage Park is located in Nixa, one of the fastest-growing suburbs in the Springfield MSA. The area continues to benefit from strong population growth, new residential development, and increasing demand for high-quality rental housing. Nixa’s strong school district, proximity to Springfield, and overall quality of life make it a preferred location for families and long-term renters. LIMITED LOCAL SUPPLY OF 50+ UNIT DUPLEX / TOWNHOME COMMUNITIES There is limited availability of 50+ unit duplex- or townhome-style multifamily assets in the Springfield MSA, particularly in the Nixa submarket. New construction in the area has primarily focused on for-sale residential product or smaller scale rental developments, creating favorable supply-demand dynamics for existing communities such as Vintage Park. OFFERED FREE & CLEAR OF EXISTING DEBT; WELL-SIZED FOR AGENCY FINANCING Vintage Park is being offered free and clear of existing debt, providing new ownership with maximum flexibility to pursue agency or other competitive financing options. The 70-unit scale and suburban asset profile position the property well for a broad range of capital sources seeking stable income with value enhancement potential.