12 Unit New Apartment | MO State University

12 Unit Apartment Building | $2,100,000 ($175,000/Unit) | 5.75% Cap Rate | Springfield, MO 65806

Asking Price $2,100,000

Property Type: Multifamily
Square Feet: 9,889 SF

Listing Contacts

Lee McLean

Verified Profile

Property Info

Property Overview

Beautiful brand new construction apartment building for sale near Missouri State University and Downtown Springfield. The construction was just completed in November 2023 for this 12-unit apartment building. Each apartment is 2 bedroom, 2 bath with an approximately 807 square feet open floor plan. These units have stainless steel appliances, granite counter tops, LVT flooring, w/d hookups, and on-site parking. Lease-up rent rates beginning at $1,295/month. Tenants pay utilities. *Operating data based on market data and projections

Property Details

Class: B
Year Built: 2023
Stories: 3
Lot Size (sq. ft): 19,166 SF
Units: 12

Highlights

12 Units
LOCATED NEAR MSU & DOWNTOWN SPRINGFIELD
BUILT 2023
2 BEDS, 2 BATH UNITS

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