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.