1234 S Choctaw Rd - Apartments FOR SALE


Republic, MO 65738
$23,000,000 USD
417-818-8894
1234 S Choctaw Rd, Republic, MO for Sale
$23,000,000 USD
Apartments - FOR SALE
1/22
null | 5.47% Cap Rate

1234 S Choctaw Rd
Republic, MO 65738


HIGHLIGHTS

  • 94-unit portfolio featuring a mix of single-family homes and duplexes.
  • Newly constructed properties minimizing immediate repair and capital needs.
  • Strong occupancy at 93.6% with efficient management structure.
  • Located in Republic, MO, a high-growth suburb of Springfield with robust economic activity.
  • Easy access to U.S. Highway 60 and proximity to major employers and retail destinations.
  • Individual legal descriptions for duplex units provide future sale flexibility.

OVERVIEW

SVN is pleased to offer this 94 Unit Single-Family & Duplex Rental Portfolio for sale in Republic, MO, offered at $23,000,000. The properties include a mix of units ranging from 3-4 bedrooms, 2-2.5 bathrooms, and 1-3-car garages. The portfolio known as the Westbury Gardens, offers users the luxury of quality at a reasonable price. The properties have many amenities ranging from superior construction components to premium interior and exterior design. This portfolio offers investors peace of mind, as immediate repairs and major capital expenditures are unlikely due to the properties being new construction. The properties are currently leased with 93.6% occupancy. Efficient management will be optimized with all contiguous units within the same development. An investor will also have flexibility in disposition due to all units, including duplex patio homes, having individual legal descriptions for ease of future sale options. As the economic and cultural center of southwest Missouri, Springfield anchors a thriving five-county metropolitan area that continues to attract business investment, talent, and innovation. With a population nearing 500,000 residents, the Springfield MSA has experienced consistent growth over the past decade, fueled by a strong healthcare network, a diverse mix of industries, and a cost of living more than 10% below the national average. Republic, MO is one of the vital suburbs of Springfield's overarching success.

FOR SALE DETAILS

PRICE

$23,000,000 USD

PRICE/SF

$192 USD /SF

# OF UNITS

94

PRICE/UNIT

$244,681

CAP RATE

5.47%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westbury Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.79 AC

LAND SF

77,972 SF

ZONING

-

APN/PARCEL ID

17-30-300-228

ASK ABOUT THIS PROPERTY

Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

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Lee McLeanSVN | Rankin Company, LLCMore Info
417-818-8894

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