728 East Walnut Street, Springfield, MO 65806

$1,450,000
Property Type: MultiFamily Lot Size (sq. ft.): 22,651 Status: Closed
Current Price: $1,450,000 List Date: 1/23/2024 Last Modified: 4/17/2024

Description

Premier Investment Opportunity! 17-Unit Apartment Complex Adjacent to Missouri State University Campus Welcome to an incredible real estate investment opportunity that combines location, income potential, and value appreciation in one package! This 17-unit apartment complex, nestled right next to the prestigious Missouri State University Campus, offers an outstanding chance to capitalize on the growing demand for student housing. - Unbeatable Location: Location is everything, and this property boasts an unbeatable one! Situated adjacent to the Missouri State University Campus, students will love the convenience of walking to classes, making this a prime choice for them. - Income Potential: Maximize your return on investment with the convenience of onsite laundry facilities. Not only does this make life easier for your tenants, but it also provides an additional income stream, increasing your overall revenue. - Ample Parking: Forget about the parking hassles that often come with city living. This complex offers onsite paved parking, providing tenants with a secure and hassle-free parking experience. - Recent Exterior Renovations: Aesthetics matter, and this property has undergone recent exterior renovations, ensuring that it stands out and maintains its appeal. The modern and fresh appearance will attract tenants seeking a contemporary living space. - Rent Increase Potential: With its prime location and recent renovations, you have the opportunity to quickly raise unit rents. Take advantage of the strong demand for convenient, well-maintained housing in this area and watch your income grow. Investors, this is your chance to secure a prime piece of real estate in a location that is consistently in demand. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a promising opportunity, this 17-unit apartment complex has the potential to deliver impressive returns.

More Information MLS# 60255869

Contract Information

Transaction Type: Sale Foreclosure/Short Sale: No Property Sub-Type: Apartment Building Begin Date: 2023-11-06 List Price: $1,450,000 Agreement Type: Exclusive Right To Sell

Location, Tax and Other Information

Inside City Limits: Yes

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more Total Monthly Rent: 14690 # One Bedroom Units: 1 # Two Bedroom Units: 16 Waterfront/View: None Lake/River: None Aprx Year Built: 1967 Number of Units: 17 Aprx Lot Size (Acres): 0.52 Lot Dimensions: Acres Elementary School: SGF-Rountree Middle School: SGF-Jarrett High School: SGF-Parkview

Status Change Info

Price Disclosed: No Status: Closed Under Contract Date: 2024-02-05 Sold Date: 2024-04-16

Views

City: 1

Amenities

Central Laundry: 1

One Bed Units

One Bed SqFt: 501 - 800 SqFt

Construction

Brick: 1 Vinyl Siding: 1

Two Bed Units

Two Bed SqFt: 751 - 1,000 SqFt

Utilities

City: 1 Electricity: 1 Gas: 1 High Speed Internet Access: 1 Master Meter: 1 Sewer: 1 Water: 1

Cooling

Window Unit(s): 1

Appliances

Oven/Range: 1 Refrigerator: 1

Baths

1 Per Unit: 1

Heating

Boiler: 1

Miscellaneous

Fire Walls: 1

Parking

Paved Area: 1 Street: 1

Roofing Material

Composition: 1

Possession

At Closing: 1

Will Sell

1031 Exchange: 1 Cash: 1 Conventional: 1

Buildings

One Building: 1

Streets

Asphalt: 1

Water

City Water: 1

Sewer

City Sewer: 1

Flood Insurance

Not Required: 1

Documents Available

Disclosure: 1 Financial Records: 1

Type of Tenancy

Lease: 1

Yearly Net Oper Inc

Over $25,000: 1

Deposits

Deposit Required: 1

Location Tax and Other Information

Street #: 728 Street Direction: East Street Name/Route: Walnut Suffix: Street County: Greene State/Province: MO Zip Code: 65806 Subdivision: N/A Parcel ID: 881324108009 Cross Street: Kimbrough Real Estate Tax: 5250.01 Tax Year: 2021 Legal Description: SHEPPARD ADD, H W 14 FT LOT 5 & ALL LOT 4 Zoning: multi-family

Remarks Misc

Directions: From Glenstone Ave head north toward E Monroe St. Turn left onto E Walnut St.

Property Features

Amenities: Central Laundry Baths: 1 Per Unit Appliances: Oven/Range; Refrigerator Cooling: Window Unit(s) Heating: Boiler Buildings: One Building Construction: Brick; Vinyl Siding Roofing Material: Composition Parking: Paved Area; Street Streets: Asphalt Miscellaneous: Fire Walls Water: City Water Sewer: City Sewer Utilities: Electricity; Gas; High Speed Internet Access; Master Meter; Sewer; Water Flood Insurance: Not Required Documents Available: Financial Records; Disclosure Type of Tenancy: Lease Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional Deposits: Deposit Required
Listing Office: ReeceNichols - Springfield
IDX
Last Updated: April - 17 - 2024
Data relating to real estate for sale on this web page comes in part from the Internet Data Exchange (IDX) of the Southern Missouri Regional MLS, LLC, Inc. Real estate listings held by Brokerage firms other than the website owner are marked with the IDX logo and detailed information about them includes the name of the listing Brokers. The information being provided is not guaranteed and should be verified by the consumer and is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers wish to purchase. Any representation that a web site contains all listings shall only mean that the web site contain all listing available to the public through the IDX data feed and other available properties may not be displayed on this site. © 2023 Southern Missouri Regional MLS, LLC All rights reserved.

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