Craigmont Place I & III Apartments
106 Unit Apartment Building | For Sale | Springfield, MO 65802
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 91,563 SF
Listing Contacts
Cody Doran
Verified Profile
Reid Bennett, CCIM
Verified Profile
Dan Short
Verified Profile
- Property Info
Property Overview
SVN is pleased to present the opportunity to acquire Craigmont I & III Apartments located at 605 & 730 S Wabash Avenue, Springfield, MO, 65802 (Greene County). The properties were built in 2 phases with Craigmont III being built in 1978 and Craigmont I constructed in 1979. Both phases are 100% HAP Contract properties with HAP expiration dates of 2024 (CPI) and 2025 (CPIII) - both under Option 2 renewals. The properties are located in a QCT and are eligible for a LIHTC re-syndication. The properties consist of 64 Townhomes, 24 Flats, and 18 Detached SFHs for a total of 106 units collectively. Tenants are responsible for Electricity, Gas, and Water/Sewer, while the landlord is responsible for Garbage/Trash. The properties have received high REAC scores (88c - CPIII; 86c - CPI) in 2022. Craigmont is a great acquisition for adding scale or entering the Springfield, MO market.
The property is adjacent to a city park and is close to schools, churches, shopping, and the Boys and Girls Club. The city bus stop is nearby. The almost mile-long sidewalk around the property offers walking enthusiasts a nice trail. There are benches and 2 picnic areas for taking a relaxing break.
The property is adjacent to a city park and is close to schools, churches, shopping, and the Boys and Girls Club. The city bus stop is nearby. The almost mile-long sidewalk around the property offers walking enthusiasts a nice trail. There are benches and 2 picnic areas for taking a relaxing break.
Property Details
- Class
- B
- Year Built
- 1978
- Stories
- 1
- Lot Size (sq. ft)
- 644,252 SF
- Units
- 106
Highlights
- The property is located in QCT & eligible for LIHTC re-syndication
- REAC - CPI: 99a (2019) & 86c (2022), REAC - CPIII: 99a (2019) & 88c (2022)
- Professionally managed - young management corporation
- Off-Street surface parking
- Picnic area and private patios
- Microwaves and washer/dryer hookups
Nearby Properties
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