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2644 N Prospect Ave - 2637 & 2644 North Prospect Ave-Springfield MO 1 Unit Apartment Building Offered at $697,681 CAD at a 6.48% Cap Rate Springfield, MO 65803
INVESTMENT HIGHLIGHTS
- Newer construction with low maintenance exterior and interior features including granite countertops and hard surface flooring.
- Strong rental history for all properties in the subdivision with opportunity to purchase more if desired.
- Located in a conforming subdivision with similar properties throughout.
EXECUTIVE SUMMARY
Great investment opportunity for two nearly new properties located on the north side of Springfield just off National. 2644 and 2632 N Prospect are both 3 bedrooms, 2 full bath rental homes featuring over 1600 sq.ft of living space each. With an open kitchen, dining, and living floorplan downstairs, and all the bedrooms upstairs, these homes have custom features and upgrades throughout including granite countertops, solid surface flooring, custom trim and woodwork, and modern lighting fixtures as well. Quality built in 2023, both properties have fenced backyards, low maintenance exteriors, and covered front porches. Easy access to I-44 and surrounded by similar style properties in a growing and attractive neighborhood. Interior and backyard pictures are of a simiilar home and do not reflect the interior of the subject homes.
PROPERTY FACTS
| Price | $697,681 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $697,681 CAD | Building Size | 1,600 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 6.48% | No. Stories | 2 |
| Sale Condition | 1031 Exchange | Year Built | 2023 |
| Gross Rent Multiplier | 7 | Parking Ratio | 1.25/1,000 SF |
| No. Units | 1 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $697,681 CAD |
| Price Per Unit | $697,681 CAD |
| Sale Type | Investment |
| Cap Rate | 6.48% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 7 |
| No. Units | 1 |
| Property Type | Multifamily |
| Apartment Style | Single-Family Home |
| Building Size | 1,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 1.25/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Tile Floors
- Kitchen
- Granite Countertops
- High Speed Internet Access
- Tub/Shower
- Walk-In Closets
- Double Pane Windows
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 2 | $2,366 CAD | 1,600 |
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2644 N Prospect Ave - 2637 & 2644 North Prospect Ave-Springfield MO
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