605 & 730 S. Wabash Avenue

• Property is located in QCT & eligible for LIHTC re-syndication
• REAC - CPI: 99a (2019) & 86C (2022)
• REAC - CPIII: 99a (2019) & 88C (2022)

Property Description

SVN is pleased to present the opportunity to acquire Craigmont I & III Apartments located at 605 & 730 S Wabash Avenue, Springfield, MO, 65802 (Greene County). The properties were built in 2 phases with Craigmont III being built in 1978 and Craigmont I constructed in 1979. Both phases are 100% HAP Contract properties with HAP expiration dates of 2024 (CPI) and 2025 (CPIII) - both under Option 2 renewals. The properties are located in a QCT and are eligible for a LIHTC re-syndication. The properties consist of 64 Townhomes, 24 Flats, and 18 Detached SFHs for a total of 106 units collectively. Tenants are responsible for Electricity, Gas, and Water/Sewer, while the landlord is responsible for Garbage/Trash. The properties have received high REAC scores (88c - CPIII; 86c - CPI) in 2022. Craigmont is a great acquisition for adding scale or entering the Springfield, MO market.