12 Unit New Apartment | MO State University | 735 South Ave
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12 Unit New Apartment | MO State University 735 South Ave
12 Unit Apartment Building $1,970,000 ($164,167/Unit) 6.60% Cap Rate Springfield, MO 65806
Investment Highlights
- 12 Units
- BUILT 2023
- 100% Occupied
- LOCATED NEAR MSU & DOWNTOWN SPRINGFIELD
- 2 BEDS, 2 BATH UNITS
- Parking onsite
Executive Summary
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 and YTD expenses.
*Operating data based on market data and projections as well as current rents and YTD expenses.
Property Facts
| Price | $1,970,000 | Apartment Style | Low Rise |
| Price Per Unit | $164,167 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.60% | Building Size | 10,434 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2023 |
| Price | $1,970,000 |
| Price Per Unit | $164,167 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 10,434 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 12 | $1,195 | 807 |
Bike Score ®
Very Bikeable (83)
PROPERTY TAXES
| Parcel Number | 13-24-306-005 | Improvements Assessment | $217,840 |
| Land Assessment | $24,810 | Total Assessment | $242,650 |
PROPERTY TAXES
Parcel Number
13-24-306-005
Land Assessment
$24,810
Improvements Assessment
$217,840
Total Assessment
$242,650
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12 Unit New Apartment | MO State University | 735 South Ave
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