Cedar Hill Apartments 3601 Westwind Dr 32 Unit Apartment Building $4,885,720 CAD ($152,679 CAD/Unit) Ozark, MO 65721

Introducing Cedar Hills Apartments, a 32-unit multifamily investment opportunity located at 3601 Westwind Dr, Ozark, Missouri. This well-positioned property sits on a generous 9.9-acre parcel, with approximately 5 acres of excess land primed for future development, offering a compelling value-add component.
Built in 1995, the complex features spacious 1,050 SF two-bedroom, one-bath units, each equipped with a private garage, enhancing tenant appeal and rental potential. The current occupancy rate of 77.4% presents immediate upside through lease-up strategies and operational improvements. With a cap rate of 6.00%, and potential to reach 6.5% when factoring in the estimated $300,000 value of the undeveloped land, investors can capitalize on both income and appreciation.
Strategically located near the intersection of Westwind Drive and Fremont Road, the property offers quick access to State Highway CC and Highway 65, placing residents within minutes of key retail, educational, and recreational amenities. Nearby attractions include 4 by 4 Brewing Company, Southern Bank, Ozark West Elementary, and Casey’s, contributing to a vibrant community atmosphere.
The surrounding Springfield MSA boasts a workforce of over 216,000, with a regional labor pool nearing 295,000, and a strong educational infrastructure including Ozarks Technical Community College. Demographics within a 5-mile radius reflect a household income average of $105,405 and a population of over 82,000, supporting long-term rental demand.