1225 E Paragon - 1225 and 1229 E Paragon Springfield, MO. 2 Unit Apartment Building Offered at $575,000 at a 5.60% Cap Rate in Springfield, MO 65803

INVESTMENT HIGHLIGHTS

  • Modern Style Exterior and Floorplan with Open Concept Kitchen and Living Space Down with All Bedrooms Upstairs.
  • 100% Occupied Providing A Safe Investment With Low Maintenance Costs Due to Age Of Property.
  • Quiet Subdivision with All New Homes Built in 2023-2024. Low Through Traffic and Close to I-44 and Shopping.

EXECUTIVE SUMMARY

Great investment opportunity for two nearly new properties located on the north side of Springfield just off National. 1225 and 1229 E Paragon are both 3 bedrooms, 3 full bath rental homes featuring over 1500 sq.ft of living space each. With an open kitchen, dining, and living floorplan downstairs, and all the bedrooms upstairs, these homes have custom features and upgrades throughout including granite countertops, solid surface flooring, custom trim and woodwork, and modern lighting fixtures as well. Quality built in 2023, both properties have fenced backyards, low maintenance exteriors, and covered front porches. Easy access to I-44 and surrounded by similar style properties in a growing and attractive neighborhood.

PROPERTY FACTS

Price $575,000
Price Per Unit $287,500
Sale Type Investment
Cap Rate 5.60%
Sale Condition 1031 Exchange
No. Units 2
Property Type Multifamily
Building Size 1,655 SF
Average Occupancy 100%
No. Stories 2
Year Built 2023
Opportunity Zone Yes

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+2.5 2 $1,695 -

ZONING

Zoning Code Residential
  • Listing ID: 34096861

  • Date on Market: 12/5/2024

  • Last Updated:

  • Address: 1225 E Paragon, Springfield, MO 65803