608-614 Walnut St - Apartments FOR SALE


Springfield, MO 65806- West Central
$1,265,000 USD
417-860-9951
608-614 Walnut St, Springfield, MO for Sale
$1,265,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

608-614 Walnut St
Springfield, MO 65806
West Central


HIGHLIGHTS

  • PRICE / UNIT: $79,062.50
  • UNIT COUNT: 16
  • RENOVATED: 2021
  • CROSS STREETS: W. Walnut Street & Main Street

OVERVIEW

PROPERTY DESCRIPTION Thank you for viewing this unique opportunity to purchase this 16-unit multifamily package near downtown Springfield, Missouri. This package consists of two, eight-unit apartment complex's sitting side by side located at 608 & 614 W. Walnut Street. The unit mix includes a combination of 2 bed, 1 bath units, and 1 bed, 1 bath units. 15 of the 16 units have been fully renovated since 2021, including major CapEx improvements such as new roofs, HVAC, plumbing, and more. Current Occupancy is 68.75% providing an opportunity for increased revenue and a higher return on investment. Please contact the listing agent for additional information. LOCATION DESCRIPTION Located near the intersection of Main Street and W. Walnut Street in Springfield, Missouri this property sits just west of downtown, within walking distance to an immense number of retailers, restaurants and amenities including the University Plaza Hotel, Gilloz Theatre, Civil Kitchen, Gailey's Breakfast Cafe, Mother's Brewing Company, Rage Fitness, Missouri State University, Route 66 Springfield Visitor Center, Jenny Lincoln Park and more.

FOR SALE DETAILS

PRICE

$1,265,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

16

PRICE/UNIT

$79,063

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-Unit Multifamily Package

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1911

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,801 SF

ZONING

INC.

APN/PARCEL ID

13-23-144-054

ASK ABOUT THIS PROPERTY

Jack RankinSVN | Rankin Company, LLCMore Info
417-860-9951

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Jack RankinSVN | Rankin Company, LLCMore Info
417-860-9951

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