Created date: December 18, 2024
Date last updated: February 4, 2025
Property Description
Well cared for multifamily investment opportunity, walking distance from both Missouri State University and Downtown Springfield. Property features 32 leasable units (8 four-bedroom apartments, rent-by-the-bed concept). 1:1 parking ratio, with gated, securely fenced off-street parking, a rare and valuable amenity for the area. Owners have updated interior of units, which feature shared kitchen, living room, balconies and in-unit washer/dryers. This investment makes a great addition to a real estate portfolio. With a stable rental history and property management in place, this can be a turnkey hands-off investment for its new owner.Property Description:- Multifamily-Student Housing,- 4 Stories,- 8 units total (4 bed/4 bath, 1410 sf each),- 32 Beds total. Rent by the bed concept,- 11,280 sf rentable (12,356 sf Internal),- Built: 2010,- Zoned CC,- Secure/gated parking: 34-35 spaces (1:1 ratio),- $450-500/mo per bed or $1800-2000/mo per unit,Highlights:- Gated private parking,- Video Security, Secure Access,- By the Bed concept,- Renovated 2019-21 with premium finishes interior/exterior,- Leed construction,- All utilities Included,- Good Rental History,