Jane Rozell - Coldwell Banker Vanguard Realtors
660 S Jefferson Avenue
Springfield, MO 65802

Description

Fantastic opportunity on this all brick one level 15 unit apartment building on a 1/2 acre lot near downtown, MSU and across the street from Jenny Lincoln Park. Built in 1953, 'The Diplomat' is a part of Springfield's history and a wonderful example of mid century architecture. The location is the long term value here as there are several multi-million developments like Beacon Suites, Bear Village and a new Hilton hotel coming in 2019 very close by. This property has potential for a great ROI but currently there are a few vacancies so the gross rents are lower than usual. There is no other downtown property like it on the market right now so here's your chance to get in on the development and potential for long term wealth building! Sold 'as is' with owner making no repairs.

Details

MLS#60116019
Sub-TypeResale
StatusActive
Year1953
Days On Site8

Features

Units15
Building(s)1

Market Activity 65802

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Area Information

StateMO
CitySpringfield
Zip Code65802
Listing VS Median (in 65802)
Price:
$699,999
low | high
Med:
$96,500
100% of Average
On Site:
8
low | high
Med:
19
42.105263157895% of Average
Listing Updated: 08/15/2018