212 W Ruby St - Apartments FOR SALE


Conway, MO 65632
$720,000 USD
940-206-7223
212 W Ruby St, Conway, MO for Sale
$720,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

212 W Ruby St
Conway, MO 65632


HIGHLIGHTS

  • 12-unit apartment complex with redevelopment and value-add potential.
  • Located near Interstate 44, offering access to Springfield and Lebanon.

OVERVIEW

Cedargate Apartments offers a 12-unit multifamily investment opportunity in Conway, Missouri. Built in 1994, this two-story property spans approximately 17,630 square feet and sits on a 0.37-acre lot. The complex features low-rise apartment buildings with essential amenities such as air conditioning, heating, and in-unit appliances. Positioned in a small-town setting with convenient access to Interstate 44, the property provides connectivity to Springfield and Lebanon, two key regional hubs. This location supports steady rental demand from local residents and commuters seeking affordable housing options. With all units currently vacant, the property presents a value-add opportunity for investors to implement renovations, reposition the asset, and capture upside through lease-up strategies.

FOR SALE DETAILS

PRICE

$720,000 USD

PRICE/SF

$41 USD /SF

# OF UNITS

12

PRICE/UNIT

$60,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cedargate Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1994

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

MF

APN/PARCEL ID

26-3.0-08-004-008-001.000

ASK ABOUT THIS PROPERTY

Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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Naseem SadeghianKamy Real Property TrustMore Info
940-206-7223

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