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Westbury Gardens 1234 S Choctaw Rd 94 Unit Apartment Building $23,000,000 ($244,681/Unit) 5.47% Cap Rate Republic, MO 65738
Investment Highlights
- 94-unit portfolio featuring a mix of single-family homes and duplexes.
- Strong occupancy at 93.6% with efficient management structure.
- Easy access to U.S. Highway 60 and proximity to major employers and retail destinations.
- Newly constructed properties minimizing immediate repair and capital needs.
- Located in Republic, MO, a high-growth suburb of Springfield with robust economic activity.
- Individual legal descriptions for duplex units provide future sale flexibility.
Executive Summary
SVN is pleased to offer this 94 Unit Single-Family & Duplex Rental Portfolio for sale in Republic, MO, offered at $23,000,000. The properties include a mix of units ranging from 3-4 bedrooms, 2-2.5 bathrooms, and 1-3-car garages. The portfolio known as the Westbury Gardens, offers users the luxury of quality at a reasonable price. The properties have many amenities ranging from superior construction components to premium interior and exterior design. This portfolio offers investors peace of mind, as immediate repairs and major capital expenditures are unlikely due to the properties being new construction. The properties are currently leased with 93.6% occupancy. Efficient management will be optimized with all contiguous units within the same development. An investor will also have flexibility in disposition due to all units, including duplex patio homes, having individual legal descriptions for ease of future sale options.
As the economic and cultural center of southwest Missouri, Springfield anchors a thriving five-county metropolitan area that continues to attract business investment, talent, and innovation. With a population nearing 500,000 residents, the Springfield MSA has experienced consistent growth over the past decade, fueled by a strong healthcare network, a diverse mix of industries, and a cost of living more than 10% below the national average. Republic, MO is one of the vital suburbs of Springfield's overarching success.
As the economic and cultural center of southwest Missouri, Springfield anchors a thriving five-county metropolitan area that continues to attract business investment, talent, and innovation. With a population nearing 500,000 residents, the Springfield MSA has experienced consistent growth over the past decade, fueled by a strong healthcare network, a diverse mix of industries, and a cost of living more than 10% below the national average. Republic, MO is one of the vital suburbs of Springfield's overarching success.
Property Facts
| Price | $23,000,000 | Apartment Style | Garden |
| Price Per Unit | $244,681 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.79 AC |
| Cap Rate | 5.47% | Building Size | 120,000 SF |
| No. Units | 94 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parcel Number | 17-30-300-228 |
| Price | $23,000,000 |
| Price Per Unit | $244,681 |
| Sale Type | Investment |
| Cap Rate | 5.47% |
| No. Units | 94 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.79 AC |
| Building Size | 120,000 SF |
| No. Stories | 2 |
| Year Built | 2023 |
| Parcel Number | 17-30-300-228 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 64 | - | - |
| 4+2.5 | 30 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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Westbury Gardens | 1234 S Choctaw Rd
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