Apartment Complex Close To MSU & Downtown

Multi-Family for Sale
Catylist Listing ID: 30137442
Property Subtypes: Low-Rise/Garden
Number of Units: 17 Units
Building Size (RSF): 8,966 SF
Gross Building Area: 26,789 SF
Gross Land Area: 26,798 SF
Sale Price: $489,000
Unit Price: $28,764.71 Per Unit
Property Use Type: Investment
Building Name: Lexington Apartments
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/22/2018

Overview / Comments

Located just south of Downtown Springfield and west of Missouri State University, Lexington Apartments consists of 17 fully occupied units made up of studio, one and two bedroom apartments. This Multi-Family complex sits just south of Walmart Neighborhood Market and provides easy access to restaurants, retail and coffee shops. With great walkabilty and close access to public transportation, this is an ideal location for college students and young adults!

Lexington Apartments is made up of first and second floor units with rental rates ranging from $420 to $630. Each unit has a gas stove, Units 1-11 have gas powered forced air heat and window air conditioning units. Units A-D are all connected to one central air conditioning and heating unit. The main level of the building contains a shared laundry room. Landlord pays the utilities and is part of the monthly rent.

*Photo's are of the ONLY remodeled unit.

For more information contact Ken Schwab at 417-890-3226 or kschwab@wilhoitproperties.com.


Finance Data Year 2016
Real Estate Taxes - Annual($) $4,763 (Annual)

Additional Details

Nearest MSA: Springfield
County: Greene
Percent Occupied: 100%

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,290 103,592 188,563
Median Age: 27.78 32.79 35.61
Households: 7,715 44,163 81,152
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