NEW APARTMENT COMPLEX FOR SALE

735 South Ave, Springfield, MO 65806

  • For Sale $2,100,000
  • Property Type Multi-Family
  • Property Size 9,684 SF
  • Units 12
  • Lot Size 0.45 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2023
  • Date Updated Apr 24, 2024
This new apartment building is located near downtown Springfield and within 1/2 mile from Missouri State University with over 24,000 students at the Springfield campus for fall of 2023. Located right between the dining and entertainment options in the heart of Downtown, the convenience of Walmart Neighborhood Market and MSU, all within less than 1/2 mile make this an ideal location for students and anybody looking for downtown living. Lee McLean, SIOR, CCIM is a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN InternationalBeautiful brand new construction apartment building for sale near Missouri State University and Downtown Springfield. The construction was just completed in November 2023 for this 12-unit apartment building. Each apartment is 2 bedroom, 2 bath with an approximately 807 square feet open floor plan. These units have stainless steel appliances, granite counter tops, LVT flooring, w/d hookups, and on-site parking. Lease-up rent rates beginning at $1,295/month. Tenants pay utilities. *Operating data based on market data and projections

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Attachments

Highlights

  • SALE PRICE: $2,100,000
  • UNITS: 12
  • SIZE: 9,684 SF
  • LOT: 0.45 ac
  • CAP RATE: 5.75%* (pro-forma)
  • PARKING: Lot Onsite
  • BUILT: 2023

Contacts

broker

Lee McLean III, SIOR, CCIM

SVN | Rankin Company

(417) 887-8826

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Springfield, MO
  • Neighborhood Downtown Springfield
  • Zip Code 65806

Points of Interest

  • Conoco

    0.31 miles

  • Kum & Go

    0.42 miles

  • Casey's General Store

    0.47 miles

  • Price Cutter Express

    1.10 miles

  • Kum & Go

    1.31 miles

  • Kum & Go

    1.54 miles

  • Kum & Go

    1.80 miles

  • Casey's General Store

    2.12 miles

  • Casey's

    2.22 miles

  • Gas Plus

    2.31 miles

  • Bear Park South

    0.52 miles

  • Bear Park North

    0.53 miles

  • Public Parking

    0.62 miles

  • Lot C

    1.47 miles

  • Trailhead Parking

    2.43 miles

  • Park

    2.77 miles

  • Park

    2.78 miles

  • Bill & Payne Stewart

    3.90 miles

  • Betty Allison at Oscar Blom

    3.92 miles

  • Trail Parking (unpaved)

    4.06 miles

  • Hotel Vandivort

    0.43 miles

  • University Plaza Hotel and Convention Center

    0.70 miles

  • Holiday Inn Express and Suites Springfield - Downtown

    1.03 miles

  • Anglers Inn

    1.31 miles

  • BEST WESTERN Route 66 Rail Haven

    1.75 miles

  • TownePlace Suites by Marriott Springfield

    1.82 miles

  • Lamplighter Inn & Suites

    2.17 miles

  • Vīb Best Western Springfield

    2.23 miles

  • La Quinta Inn & Suites Springfield South

    2.29 miles

  • Battlefield Inn Springfield-Magnuson

    2.45 miles

  • Pizza Habit

    0.36 miles

  • Yoselin's Mexican Cuisine

    0.36 miles

  • Subway

    0.36 miles

  • Grad School Burgers

    0.37 miles

  • Bruno’s Italian Restaurant

    0.37 miles

  • BYOP Build Your Own Pizza

    0.37 miles

  • Maria's Mexican Restaurant

    0.39 miles

  • Flame Steakhouse

    0.40 miles

  • Izumi Hatake

    0.41 miles

  • Greek Belly

    0.41 miles

  • Jarrett Middle School

    0.24 miles

  • Campbell School

    0.38 miles

  • Campbell Elementary School

    0.38 miles

  • Phelps Center for Gifted Education

    0.44 miles

  • Strong Hall

    0.50 miles

  • Park Central Office Building

    0.50 miles

  • Missouri State University

    0.62 miles

  • McGregor Elementary School

    0.80 miles

  • Missouri State University

    0.81 miles

  • Parkview High School

    0.86 miles

  • OACAC Head Start

    0.55 miles

  • OACAC Head Start

    0.58 miles

  • Cox Health

    1.89 miles

  • Creative Learning Center Preschool & Infant Care LLC

    2.32 miles

  • Isabel's House Crisis Nursery

    2.35 miles

  • Mother's Touch Learning Center

    2.47 miles

  • Where Families Grow

    2.97 miles

  • Macedonia Pre-School

    3.03 miles

  • Nurturing Place

    3.69 miles

  • Safe N Sound Playground

    3.76 miles

Frequently Asked Questions

What is the lease rate for NEW APARTMENT COMPLEX FOR SALE?

Rental asking rate at NEW APARTMENT COMPLEX FOR SALE is $1,050,000.00/YR.

What is the total square footage of NEW APARTMENT COMPLEX FOR SALE?

NEW APARTMENT COMPLEX FOR SALE totals 9,684 square feet.

When was this property built?

NEW APARTMENT COMPLEX FOR SALE was built in 2023.

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Contact Listing Broker

broker

Lee McLean III, SIOR, CCIM

SVN | Rankin Company

(417) 887-8826