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
Last Updated: April - 17 - 2024
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