$2,400,000
Springfield, MO 65806
MLS# 60225641
Status: Closed
1 / 6
Property Description
Located Near Downtown Springfield and Missouri State University. Excellent opportunity for apartment expansion on adjoining lot, which can be purchased separately for $75,000. Both properties zoned Residential-Medium Density (RMD) Convenient to Walmart Market, restaurants, retail shops, movie theatre, convenience store & park Recent substantial capital Improvements Proven value-add, with upside for rents Highly desirable unit mix. Showing after accepted Contract, which may include a Buyer Contingency terminating Contract, should initial walk-thru, on or before 5-days from the effective date, be unacceptable to Buyer.. Monthly rent shown is market rate. Vacant lot RE Taxes equal additional $264.85. Revenue shown at market rate.
Details
Maps
Contract Information
Transaction Type: Sale
List Price/SqFt: 2600000
Historical District: No
Foreclosure/Short Sale: No
Property Sub-Type: Apartment Building
Begin Date: 2022-08-14
List Price: $2,400,000
Agreement Type: Exclusive Right To Sell
Sign on Property: 1
Location, Tax and Other Information
Building #: 1
Inside City Limits: Yes
RE Tax Provided By: Assessor Records
General Property Description
SqFt-Aprx: 31486
Total Room Count Above Grade: 24
SqFt Finsh'd & Unfnsh'd: 5000 or more
Total Room Count Below Grade: 12
Total Monthly Rent: 296220
# Efficiency Units: 0
# One Bedroom Units: 6
# Two Bedroom Units: 30
# Three Bedroom Units: 0
Waterfront/View: None
View: Yes
Lake/River: None
Aprx Year Built: 1978
Number of Units: 36
Aprx Lot Size (Acres): 0.7
Lot Dimensions: Acres
Elementary School: SGF-McGregor
Middle School: SGF-Study
High School: SGF-Central
Status Change Info
Price Disclosed: Yes
Status: Closed
Under Contract Date: 2022-11-14
Sold Date: 2023-04-17
Views
City: 1
Unit Features
All Units: 1
Carpet: 1
Amenities
Central Laundry: 1
One Bed Units
One Bed $: Over $350
Construction
Vinyl Siding: 1
Two Bed Units
Two Bed $: Over $450
Utilities
City: 1
Electricity: 1
Gas: 1
Master Meter: 1
Separate Meters: 1
Sewer: 1
Tenant Pays: 1
Tenant Pays Part: 1
Trash: 1
Water: 1
Cooling
Central: 1
Appliances
Refrigerator: 1
Heating
Central: 1
Forced Air: 1
Miscellaneous
Fire Alarm: 1
Smoke Detector: 1
Parking
Paved Area: 1
Roofing Material
Composition: 1
Possession
At Closing: 1
Will Sell
1031 Exchange: 1
Cash: 1
Conventional: 1
Owner Carry First: 1
Buildings
One Building: 1
Water
City Water: 1
Sewer
City Sewer: 1
Documents Available
Disclosure: 1
Type of Tenancy
Lease: 1
Yearly Net Oper Inc
Over $25,000: 1
Deposits
Deposit Required: 1
Location Tax and Other Information
Street #: 865
Street Direction: South
Street Name/Route: Douglas
Suffix: Avenue
County: Greene
State/Province: MO
Zip Code: 65806
Subdivision: Ferguson
Parcel ID: 881323413008
Cross Street: E. Grand
Real Estate Tax: 9074.76
Tax Year: 2021
Legal Description: APT: BEG 502 FT S SW COR MADISON & DOUGLAS STS W 265 FT S 214.6 F T E 265 FT N TO BEG
VACANT LAND: FERGUSON E N TRUSTEE ADD S 50 FT LOT 25 & BEG 50 FT N SE COR LOT 25 N 48 FT W265 FT S 251 FT NWLY TO SW COR LOT 26 N 50 FT E 45 FT NELY 70 FT E 52 FT N TOBEG 23/29/22
Zoning: Residential MD
Remarks Misc
Directions: E Grant then South on S. Douglas. Properties on west side of Douglas
Property Features
Unit Features: All Units; Carpet
Amenities: Central Laundry
Appliances: Refrigerator
Cooling: Central
Heating: Central; Forced Air
Buildings: One Building
Construction: Vinyl Siding
Roofing Material: Composition
Parking: Paved Area
Miscellaneous: Fire Alarm; Smoke Detector
Water: City Water
Sewer: City Sewer
Utilities: Electricity; Gas; Master Meter; Separate Meters; Sewer; Tenant Pays; Tenant Pays Part; Trash; Water
Documents Available: Disclosure
Type of Tenancy: Lease
Yearly Net Oper Inc: Over $25,000
Possession: At Closing
Will Sell: 1031 Exchange; Cash; Conventional; Owner Carry First
Deposits: Deposit Required
Listing Office: Reece Commercial
Last Updated: April - 20 - 2023
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