Description
Well cared for multifamily investment opportunity, walking distance from both Missouri State University and Downtown Springfield. Property features 32 leasable units (8 four-bedroom apartments, rent-by-the-bed concept). 1:1 parking ratio, with gated, securely fenced off-street parking, a rare and valuable amenity for the area. Owners have updated interior of units, which feature shared kitchen, living room, balconies and in-unit washer/dryers. This investment makes a great addition to a real estate portfolio. With a stable rental history and property management in place, this can be a turnkey hands-off investment for its new owner.Property Description:● Multifamily-Student Housing● 4 Stories● 8 units total (4 bed/4 bath, 1410 sf each)● 32 Beds total. Rent by the bed concept● 11,280 sf rentable (12,356 sf Internal)● Built: 2010● Zoned CC● Secure/gated parking: 34-35 spaces (1:1 ratio)● $450-500/mo per bed or $1800-2000/mo per unitHighlights:● Gated private parking● Video Security, Secure Access● By the Bed concept● Renovated 2019-21 with premium finishes interior/exterior● Leed construction● All utilities Included● Good Rental History
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0.51ACRES
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01/2 BATHS
School Information
Description
Well cared for multifamily investment opportunity, walking distance from both Missouri State University and Downtown Springfield. Property features 32 leasable units (8 four-bedroom apartments, rent-by-the-bed concept). 1:1 parking ratio, with gated, securely fenced off-street parking, a rare and valuable amenity for the area. Owners have updated interior of units, which feature shared kitchen, living room, balconies and in-unit washer/dryers. This investment makes a great addition to a real estate portfolio. With a stable rental history and property management in place, this can be a turnkey hands-off investment for its new owner.Property Description:● Multifamily-Student Housing● 4 Stories● 8 units total (4 bed/4 bath, 1410 sf each)● 32 Beds total. Rent by the bed concept● 11,280 sf rentable (12,356 sf Internal)● Built: 2010● Zoned CC● Secure/gated parking: 34-35 spaces (1:1 ratio)● $450-500/mo per bed or $1800-2000/mo per unitHighlights:● Gated private parking● Video Security, Secure Access● By the Bed concept● Renovated 2019-21 with premium finishes interior/exterior● Leed construction● All utilities Included● Good Rental History
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Listing provided courtesy of Murney Associates - Primrose: (417) 823-2300. © 2025 Southern Missouri Regional MLS. All rights reserved.