NEW APARTMENT COMPLEX FOR SALE

735 South Ave, Springfield, MO 65806

  • For Sale $1,970,000
  • Property Type Multi-Family
  • Property Size 10,434 SF
  • Units 12
  • Lot Size 0.45 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 2023
  • Date Updated Dec 11, 2024
This new apartment building is located near downtown Springfield and within 1/2 mile from Missouri State University with over 17,000 students at the Springfield campus for fall of 2024. 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 InternationalREDUCED - Beautiful 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. Tenants pay utilities. Property is 100% occupied. *Operating data based on market data and projections as well as current rents.
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Attachments

Highlights

  • SALE PRICE: $1,970,000 (REDUCED)
  • UNITS: 12
  • OCCUPANCY: 100%
  • SIZE: 9,684 SF
  • LOT: 0.45 ac
  • CAP RATE: 6.6%* (pro-forma)
  • PARKING: Lot Onsite
  • BUILT: 2023

Contacts

broker
Lee McLean III, SIOR, CCIM

SVN | Rankin Company

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

  • Casey's

    1.95 miles

  • Tesla Supercharger

    3.85 miles

  • Bear Park South

    0.52 miles

  • Bear Park North

    0.53 miles

  • Public Parking

    0.62 miles

  • MSU Parking Lot #18

    0.68 miles

  • Lot C

    1.47 miles

  • C-Street City Market

    2.00 miles

  • Trailhead Parking

    2.43 miles

  • Park

    2.77 miles

  • Bill & Payne Stewart

    3.90 miles

  • Moxy Springfield Downtown

    0.34 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

  • The Mansion at Elfindale

    1.60 miles

  • BEST WESTERN Route 66 Rail Haven

    1.75 miles

  • TownePlace Suites Springfield

    1.82 miles

  • Lamplighter Inn & Suites

    2.17 miles

  • Vīb Best Western Springfield

    2.23 miles

  • Subway

    0.36 miles

  • Bruno’s Italian Restaurant

    0.37 miles

  • Rice & Dumpling

    0.37 miles

  • Cabos Bonitos Grill & Cantina

    0.39 miles

  • Flame Steakhouse

    0.40 miles

  • Izumi Hatake

    0.41 miles

  • Greek Belly

    0.41 miles

  • Jimmy John's

    0.41 miles

  • Black Sheep Burgers and Shakes

    0.42 miles

  • The Order

    0.42 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

    0.79 miles

  • Parkview High School

    0.86 miles

  • Rountree Elementary School

    1.13 miles

  • OACAC Head Start

    0.55 miles

  • OTC Early Childhood Education Center (ECEC)

    1.44 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 Babies Grow LLC

    2.97 miles

  • Macedonia Pre-School

    3.03 miles

  • Nurturing Place

    3.69 miles

  • Safe N Sound Playground

    3.76 miles

Frequently Asked Questions

How much does NEW APARTMENT COMPLEX FOR SALE cost?

The space currently listed for sale at NEW APARTMENT COMPLEX FOR SALE asks for $1,970,000.

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

NEW APARTMENT COMPLEX FOR SALE totals 10,434 square feet.

When was this property built?

NEW APARTMENT COMPLEX FOR SALE was built in 2023.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Lee McLean III, SIOR, CCIM

SVN | Rankin Company