Premier Investment Opportunity! 17-Unit Apartment Complex Adjacent to Missouri State University Campus Welcome to an incredible real estate investment opportunity that combines location, income potential, and value appreciation in one package! This 17-unit apartment complex, nestled right next to the prestigious Missouri State University Campus, offers an outstanding chance to capitalize on the growing demand for student housing. - Unbeatable Location: Location is everything, and this property boasts an unbeatable one! Situated adjacent to the Missouri State University Campus, students will love the convenience of walking to classes, making this a prime choice for them. - Income Potential: Maximize your return on investment with the convenience of onsite laundry facilities. Not only does this make life easier for your tenants, but it also provides an additional income stream, increasing your overall revenue. - Ample Parking: Forget about the parking hassles that often come with city living. This complex offers onsite paved parking, providing tenants with a secure and hassle-free parking experience. - Recent Exterior Renovations: Aesthetics matter, and this property has undergone recent exterior renovations, ensuring that it stands out and maintains its appeal. The modern and fresh appearance will attract tenants seeking a contemporary living space. - Rent Increase Potential: With its prime location and recent renovations, you have the opportunity to quickly raise unit rents. Take advantage of the strong demand for convenient, well-maintained housing in this area and watch your income grow. Investors, this is your chance to secure a prime piece of real estate in a location that is consistently in demand. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a promising opportunity, this 17-unit apartment complex has the potential to deliver impressive returns.
Multi-familyProperty Type
1967Year Built
0.52 acresLot Size
Listed by Kody Gideon• Murney Associates - Primrose
Bought with Christopher Weich• Christopher Weich Realty
17 unit Apartment Building in Prime Location near Missouri State University and Downtown Springfield! The Lumen Apartments feature 15 two bedroom units, 2 one bedroom units, on site coin operated laundry, large parking lot and street parking. All units are spacious with very functional floor plans. Located just behind the MSU parking garage, this updated investment property still has some great value add opportunities! Contact listing agent for additional information.
SOMO #60105946
Jul 27, 2018
Sold
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Apr 23, 2018
Listed
$858,800
Lots of natural light; recently remodeled; close to MO State campus; plenty of parking. On site laundry room. Park and Ride to campus near apartment.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Greene County
APN
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Parking Spaces
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Basement
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Accessible
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HOA Dues
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Last updated by owner on Jan 7, 2022.
CC
Center City District
This district is intended to be a mixed-use district that accommodates a variety of residential, commercial, and light industrial uses. It is intended for older commercial and light industrial areas, particularly the central business district and commercial street area that tend to accommodate a wide variety of uses. These areas generally developed early in the city's history and do not display the characteristics typical of modern suburban development. These areas may also be experiencing or be in need of rehabilitation or redevelopment. This district is intended to accommodate the transition that must occur if these areas are to contribute to the vitality of the city.
Permitted uses
Include but are not limited to:
Day care facility
General retail
Restaurant
Hospital / medical center
Housing-Group
Housing-Student
Bed & breakfast
Office
Medical office
Educational/school
Property details
Parking
Parking/Garage Information
Parking Features: On Street
Interior
Heating & Cooling
Has Cooling
Cooling: Window Unit(s)
Interior Features
Appliances: Range, Refrigerator
Exterior
Exterior Features
Roof: Composition
Building Information
Construction Materials: Vinyl Siding, Brick
Property Features
Has View
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Multi Family
Lot Information
Road Surface Type: Asphalt
Lot Size Acres: 0.52
Zoning: multi-family
Financial
Tax Information
Tax Annual Amount: $5,250.01
Utilities
Utility Information
Water Source: Public
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Sewer: Public Sewer
Location
HOA Information
Association Amenities: Laundry
Schools Information
Elementary School: SGF-Rountree
Middle Or Junior School: SGF-Jarrett
High School: SGF-Parkview
Location Information
Directions: From Glenstone Ave head north toward E Monroe St. Turn left onto E Walnut St.
Subdivision Name: N/A
Cross Street: Kimbrough
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Greene County
APN: —
Home facts updated by county records on Jan 7, 2022
Around this home
Schools
Rountree Elementary School
Public K-5 • Assigned • 0.9mi
4/10
Jarrett Middle School
Public 6-8 • Assigned • 0.6mi
5/10
Parkview High School
Public 9-12 • Assigned • 1.4mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Springfield, MO • 65806
Average low and high temperatures (°F)
41
22
52
30
68
42
72
51
75
56
85
68
90
73
88
68
84
61
75
52
61
41
51
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.