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Listed by Matt M Miller Murney Associates - Primrose
$ 1,999,000
Est. payment /mo
Active
Address not disclosed Springfield, MO 65806
0.51 Acres Lot
UPDATED:
01/24/2025 02:18 PM
Key Details
Property Type Single Family Home
Sub Type Residential Income
Listing Status Active
Purchase Type For Sale
MLS Listing ID SOM60283814
Year Built 2010
Annual Tax Amount $18,400
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Residential Income
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,
Location
State MO
County Greene
Zoning CC
Interior
Heating Central
Cooling Central Air
Fireplace N
Exterior
Waterfront Description None
Garage No
Building
Sewer Public Sewer
Water City
Schools
Elementary Schools Sgf-Rountree
Middle Schools Sgf-Jarrett
High Schools Sgf-Parkview