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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 HistoryPROPERTY FEATURES
PROPERTY DETAILS
Street Address: Address not disclosed
City: Springfield
State: Missouri
Postal Code: 65806
MLS Number: 60283814
Courtesy of Murney Associates - Primrose
City: Springfield
State: Missouri
Postal Code: 65806
MLS Number: 60283814
Courtesy of Murney Associates - Primrose
Courtesy of RE/MAX House of Brokers
