NEW APARTMENT COMPLEX FOR SALE

For Sale

735 South Ave, Springfield, MO 65806

This Springfield property for sale is located at 735 South Ave. The current listed sale price for NEW APARTMENT COMPLEX FOR SALE is $2,100,000. NEW APARTMENT COMPLEX FOR SALE is situated on a lot that is 0.45 acre in size.

Contacts

broker

Lee McLean III, SIOR, CCIM

SVN | Rankin Company

(417) 887-8826

Property Details

  • 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 13, 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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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

Attachments

Getting around

  • 79/100

    Walk Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • Walmart Neighborhood Market

    0.38 miles

  • Bistro Market

    0.39 miles

  • Price Cutter Plus

    1.16 miles

  • Walmart Neighborhood Market

    1.93 miles

  • Price Cutter

    2.53 miles

  • Food 4 Less

    2.69 miles

  • Big Lots

    2.76 miles

  • Aldi

    2.79 miles

  • Dillard's (North/Men's)

    2.96 miles

  • MJ's Market & Deli

    2.97 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Lee McLean III, SIOR, CCIM

SVN | Rankin Company

(417) 887-8826