728 East Walnut Street, Springfield, MO 65806 (MLS# 60255869)

728 East Walnut Street, Springfield, MO 65806

$1,450,000

Property Type: MultiFamily Lot Size (sq. ft.): 22,651 Status: Closed

Current Price: $1,450,000 List Date: 1/23/2024 Last Modified: 4/02/2026

Overview

Description

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 w ... (Read more)

Listing Details MLS# 60255869

Contract Information

Property Sub-Type: Apartment Building
Begin Date: 2023-11-06
Transaction Type: Sale
Foreclosure/Short Sale: No
Agreement Type: Exclusive Right To Sell

Location Tax and Other Information

Street #: 728
Street Direction: East
Street Name/Route: Walnut
Suffix: Street
County: Greene
State/Province: MO
Zip Code: 65806
Subdivision: N/A
Parcel ID: 881324108009
Cross Street: Kimbrough
Real Estate Tax: 5250.01
Tax Year: 2021
Legal Description: SHEPPARD ADD, H W 14 FT LOT 5 & ALL LOT 4
Zoning: multi-family

General Property Description

SqFt Finsh'd & Unfnsh'd: 5000 or more
Aprx Year Built: 1967
Total Monthly Rent: 14690
Number of Units: 17
# One Bedroom Units: Yes
# Two Bedroom Units: 16
Aprx Lot Size (Acres): 0.52
Lot Dimensions: Acres
Elementary School: SGF-Rountree
Middle School: SGF-Jarrett
High School: SGF-Parkview
Waterfront/View: None
Lake/River: None

Remarks Misc

Directions: From Glenstone Ave head north toward E Monroe St. Turn left onto E Walnut St.

Status Change Info

Under Contract Date: 2024-02-05
Sold Date: 2024-04-16
Price Disclosed: No

One Bed Units

One Bed SqFt: 501 - 800 SqFt

More Information

Two Bed Units

Two Bed SqFt: 751 - 1,000 SqFt

Location, Tax and Other Information

Inside City Limits: Yes

Views

City: Yes

Amenities

Central Laundry: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Utilities

City: Yes
Electricity: Yes
Gas: Yes
High Speed Internet Access: Yes
Master Meter: Yes
Sewer: Yes
Water: Yes

Cooling

Window Unit(s): Yes

Appliances

Oven/Range: Yes
Refrigerator: Yes

Baths

1 Per Unit: Yes

Heating

Boiler: Yes

Miscellaneous

Fire Walls: Yes

Parking

Paved Area: Yes
Street: Yes

Roofing Material

Composition: Yes

Possession

At Closing: Yes

Will Sell

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Buildings

One Building: Yes

Streets

Asphalt: Yes

Water

City Water: Yes

Sewer

City Sewer: Yes

Flood Insurance

Not Required: Yes

Documents Available

Disclosure: Yes
Financial Records: Yes

Type of Tenancy

Lease: Yes

Yearly Net Oper Inc

Over $25,000: Yes

Deposits

Deposit Required: Yes

Property Features

Amenities: Central Laundry Baths: 1 Per Unit Appliances: Oven/Range; Refrigerator Cooling: Window Unit(s) Heating: Boiler Buildings: One Building Construction: Brick; Vinyl Siding Roofing Material: Composition Parking: Paved Area; Street Streets: Asphalt Miscellaneous: Fire Walls Water: City Water Sewer: City Sewer Utilities: Electricity; Gas; High Speed Internet Access; Master Meter; Sewer; Water Flood Insurance: Not Required Documents Available: Financial Records; Disclosure Type of Tenancy: Lease Yearly Net Oper Inc: Over $25,000 Possession: At Closing Will Sell: 1031 Exchange; Cash; Conventional Deposits: Deposit Required

Documents

Itemized Capital Improvements ›

LBP ›

sellers disclosures ›

PNL ›

Listing Office: Murney Associates - Primrose

Last Updated: April - 02 - 2026

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