Sun Villa Townhomes is a rare 21-unit townhome community located in the heart of Southeast Springfield's most established and walkable retail corridor. Just steps from Target, Battlefield Mall, Primrose Marketplace, and surrounding dining and shopping, the property offers a location and lifestyle setting that consistently attracts and retains residents. Built in 1986, the community features spacious approximately 1,600 SF townhomes designed more like private residences than traditional apartments. Each unit offers a 2-bedroom layout with vaulted bedroom ceilings and a finished basement level frequently used as a third bedroom, office, or flex space, providing the functionality of true 3-bedroom living. Many units feature updated cabinetry, backsplash, appliances, and a mix of luxury vinyl plank and carpet flooring. Additional interior features include fireplaces, private entries, rear decks, and several units with private master-bedroom patio access, creating a true neighborhood feel. Situated on approximately 1.17 acres, the property includes a private swimming pool, 38 on-site parking spaces, generous paved parking, and mature shade trees throughout the site. The property is currently operating at 95% occupancy and benefits from strong tenant retention and durable demand within the highly regarded Springfield R-12 School District, including Kickapoo High School. Significant capital improvements include a full roof replacement across all three buildings in 2019, along with additional owner-reported improvements to HVAC systems, cabinetry, and interior finishes. Sun Villa offers investors a well-located, stabilized asset with strong in-place income and meaningful upside through future lease rollover.
Multi-familyProperty Type
1986Year Built
1.17 acresLot Size
Listed by Hayden Stancer• Estes Stancer Commercial Group
Bought with Hayden Stancer• Estes Stancer Commercial Group
As the MLS and public records start to fill up, we'll list the details here.
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Multi-Family (5+ Unit)
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Greene County
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Last updated by owner on May 8, 2023.
R-MD
Medium-Density Multifamily Residential District
The R-MD district is intended to accommodate multifamily developments at densities up to approximately 29 units per acre, and would accommodate typical garden apartment development. This district is intended to serve as a transition between major streets or commercial areas and lower density residential areas. This district is intended for areas that have access for vehicular traffic from collector or higher classification streets without traversing minor streets in adjoining residential neighborhoods. New single-family dwellings are not permitted to ensure that vacant land set aside for multifamily development is not preempted by less intense development. Certain other structures and uses necessary to serve governmental, educational, religious, recreational, and other needs of neighborhoods are allowed as permitted or conditional uses subject to restrictions intended to preserve and protect the residential character of this district. Applications for residential use after August 27, 2007, shall include sufficient information for staff to complete analysis under the multifamily development location and design guidelines.