1147 Elm St - Apartments FOR SALE


Springfield, MO 65806- Walnut Street
$1,475,000 USD
312-878-2792
1147 Elm St, Springfield, MO for Sale
$1,475,000 USD
Apartments - FOR SALE
1/19
null | 7.19% Cap Rate

1147 Elm St
Springfield, MO 65806
Walnut Street


OVERVIEW

OVERVIEW: • Two student housing properties less than a 10-minute walk from Missouri State University • Less than 1 mile from Downtown Springfield • Offering recently renovated 2-bed 1-bath units for students MISSOURI STATE UNIVERSITY: • Located 1/2 mile away from downtown Springfield, MSU is home to more than 24,000 students • University enrollment has steadily increased by more than 5% since 2015 • A member of the NCAA Division I Mid-American Conference, it is the state's 2nd largst university campus OPPORTUNITY: • Well-maintained and well-located assets with the ability to draw from a student population of more than 24,000 • Potential to drive rents closer to market-leading properties with stronger amenity sets

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$106 USD /SF

# OF UNITS

18

PRICE/UNIT

$81,944

CAP RATE

7.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

E Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

MFR

APN/PARCEL ID

13-24-112-004,13-24-112-053

ASK ABOUT THIS PROPERTY

Sean LyonsTriad Real Estate PartnersMore Info
312-878-2792

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Sean LyonsTriad Real Estate PartnersMore Info
312-878-2792

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.