For SaleSale
Springfield Multifamily – 12 Units
1580 N Grant Ave, Springfield, MO 65803
$1,450,000
Type
Multifamily
Sq Ft
14,400
Lot Size
0.8 acres
Zoning
R-MD Multi-Dwelling
Cap Rate
7.5%
NOI
$108,750
Price/SqFt
$100
Traffic Count
N/A
Description
Well-maintained 12-unit apartment complex in north Springfield near the medical district. Mix of one-bedroom and two-bedroom units with consistent 96% occupancy rate. Recent capital improvements include new roofs (2023), updated common areas, and parking lot resurfacing. Strong rental demand driven by proximity to CoxHealth and Mercy Hospital. Laundry facility on-site with additional income. Professional property management in place.
Investment Highlights
12 Units
96% Occupied
Medical District
New Roofs 2023
On-Site Laundry
Professional Management
7.5% Cap Rate
Location
Investment Analysis
Cap Rate & ROI Calculator
$1,000,000
$80,000
25%
6.0%
8.0%
Cap Rate
8.8%
Cash-on-Cash
$22,013
Annual Cash Flow
12.5x
GRM
