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608-614 Walnut St
Springfield, MO 65806
16-Unit Multifamily Package · Multifamily Property For Sale
·
16 Units
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 Per Unit | $79,063 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| No. Units | 16 | Building Size | 14,924 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1911/2021 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | INC. | ||
| Price Per Unit | $79,063 |
| 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 | - | - |
Property Taxes
| Parcel Number | 13-23-144-054 | Improvements Assessment | $20,050 |
| Land Assessment | $19,170 | Total Assessment | $39,220 |
Property Taxes
Parcel Number
13-23-144-054
Land Assessment
$19,170
Improvements Assessment
$20,050
Total Assessment
$39,220
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