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Cedargate Apartments 212 W Ruby St 12 Unit Apartment Building $720,000 ($60,000/Unit) Conway, MO 65632
Investment Highlights
- 12-unit apartment complex with redevelopment and value-add potential.
- Located near Interstate 44, offering access to Springfield and Lebanon.
Executive Summary
Cedargate Apartments offers a 12-unit multifamily investment opportunity in Conway, Missouri. Built in 1994, this two-story property spans approximately 17,630 square feet and sits on a 0.37-acre lot. The complex features low-rise apartment buildings with essential amenities such as air conditioning, heating, and in-unit appliances.
Positioned in a small-town setting with convenient access to Interstate 44, the property provides connectivity to Springfield and Lebanon, two key regional hubs. This location supports steady rental demand from local residents and commuters seeking affordable housing options. With all units currently vacant, the property presents a value-add opportunity for investors to implement renovations, reposition the asset, and capture upside through lease-up strategies.
Positioned in a small-town setting with convenient access to Interstate 44, the property provides connectivity to Springfield and Lebanon, two key regional hubs. This location supports steady rental demand from local residents and commuters seeking affordable housing options. With all units currently vacant, the property presents a value-add opportunity for investors to implement renovations, reposition the asset, and capture upside through lease-up strategies.
Property Facts
| Price | $720,000 | Building Class | C |
| Price Per Unit | $60,000 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 17,630 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1994 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF - Apt | ||
| Price | $720,000 |
| Price Per Unit | $60,000 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 17,630 SF |
| No. Stories | 2 |
| Year Built | 1994 |
| Opportunity Zone |
Yes |
| Zoning | MF - Apt |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
1 1
Property Taxes
| Parcel Number | 26-3.0-08-004-008-001.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $9,750 |
Property Taxes
Parcel Number
26-3.0-08-004-008-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$9,750
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Videos
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Photos
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Presented by
Kamy Real Property Trust
Cedargate Apartments | 212 W Ruby St
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