1220 W Mount Vernon St - 1220 W Mt. Vernon-623 W Harrison-1740 South
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1220 W Mount Vernon St - 1220 W Mt. Vernon-623 W Harrison-1740 South
3 Unit Apartment Building Offered at $1,053,510 CAD at a 8% Cap Rate in Springfield, MO 65806
Investment Highlights
- 3 Excellent 4 Bedroom-2 Full Bath Rentals close to Downtown Springfield and Colleges
- Strong rental history due to a design focused on a large great room area with multiple large bedrooms and separate baths.
- All 3 rentals are newer and include upgraded features such as granite countertops and custom cabinetry
Executive Summary
Affordable Package of Newer Single Family homes for sale including 1220 W. Mt. Vernon Ave, 623 W Harrison, and 1740 South Ave. These properties have leases in place with a solid rental history and are ready for a new investor! 1220 W Mt. Vernon- 4 Bed, 4 Bath, 2 Car home with 1932 Sq.ft. Built in 2018. This property is truly unique with a Spanish designed exterior and a gorgeous open living room and kitchen space. All 4 bedrooms have their own bathroom making this the perfect property for multiple individuals. Custom designed with excellent trim, engineered hardwood floors, and stainless steel appliances. 623 W Harrison-4 Bedroom, 2 Full Bath, 2 Car Garage Property with approx. 1686 sq.ft. of living area built in 2012. All-brick exterior with an open and fenced backyard. Interior updates include Hard surface flooring in the living and kitchen areas, Granite countertops with tile backsplash, and a fully separate laundry room. Located on a quiet dead-end street close to the colleges. 1740 South Ave-Brick and vinyl 4 Bedroom, 2 Bath, 2 Car garage home built in 2011. Approx. 1631 Sq.ft.-Great SW Springfield location just north of Sunshine on a dead-end street. Features include a roomy kitchen and living room space with stainless appliances and custom cabinets in the kitchen. Split bedroom floorplan and a huge backyard. Great investment opportunity for 3 very well maintained and well built rental homes!
Property Facts
| Price | $1,053,510 CAD | No. Units | 3 |
| Price Per Unit | $351,170 CAD | Property Type | Multifamily |
| Sale Type | Investment | Building Size | 5,249 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Sale Conditions | 1031 Exchange | Year Built | 2018 |
| Price | $1,053,510 CAD |
| Price Per Unit | $351,170 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Sale Conditions | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 5,249 SF |
| No. Stories | 1 |
| Year Built | 2018 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 3 | - | - |
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Stephen Burks -
Murney Associates Realtors
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1220 W Mount Vernon St - 1220 W Mt. Vernon-623 W Harrison-1740 South
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