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16-Unit Multifamily Package 608-614 Walnut St 16 Unit Apartment Building $1,721,880 CAD ($107,618 CAD/Unit) Springfield, MO 65806
Investment Highlights
- PRICE / UNIT: $79,062.50
- RENOVATED: 2021
- UNIT COUNT: 16
- CROSS STREETS: W. Walnut Street & Main Street
Executive Summary
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.
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.
Property Facts
| Price | $1,721,880 CAD | Building Class | C |
| Price Per Unit | $107,618 CAD | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 14,924 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1911/2021 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | INC. | ||
| Price | $1,721,880 CAD |
| Price Per Unit | $107,618 CAD |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 14,924 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1911/2021 |
| Opportunity Zone |
Yes |
| Zoning | INC. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 1+1 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 13-23-144-054 | Improvements Assessment | $27,214 CAD |
| Land Assessment | $26,019 CAD | Total Assessment | $53,233 CAD |
Property Taxes
Parcel Number
13-23-144-054
Land Assessment
$26,019 CAD
Improvements Assessment
$27,214 CAD
Total Assessment
$53,233 CAD
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16-Unit Multifamily Package | 608-614 Walnut St
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