735 South Ave
- SALE PRICE: $1,970,000 (REDUCED)
- UNITS: 12
- OCCUPANCY: 100%
- SIZE: 9,684 SF
- LOT: 0.45 ac
- CAP RATE: 6.6%* (pro-forma)
- PARKING: Lot Onsite
- BUILT: 2023
Property Description
REDUCED - Beautiful brand new construction apartment building for sale near Missouri State University and Downtown Springfield. The construction was just completed in November 2023 for this 12-unit apartment building. Each apartment is 2 bedroom, 2 bath with an approximately 807 square feet open floor plan. These units have stainless steel appliances, granite counter tops, LVT flooring, w/d hookups, and on-site parking. Tenants pay utilities. Property is 100% occupied. *Operating data based on market data and projections as well as current rents.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,970,000 |
| No. of Units: | 12 |
| Year Built: | 2023 |
| Lot Size: | 0.45 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $164,167 |
| Property Website | Click Here |
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