800 South

Open

  • Springfield, MO
    72 Units
    15% Projected IRR
  • 2.0x-3.0x Targeted Equity
    Multiple
$
Category:

Description

Overview: 108-bed student housing property located near MSU, unit mix of 1&2 bedrooms with bed-bath parity, new construction.

Missouri State University: Fall 2018 enrollment of 23,815 – increase of nearly 20% since 2008, highly established college of business program – accredited by the AACSB, 2nd largest campus in Missouri

Opportunity: 98% occupied in the 1st year of leasing, strong pre-lease for year 2 healthy student housing market with sound supply & demand fundamentals, walking distance to campus, free & clear

Additional information

Location Overview

ZONING RH-D (UN Overlay)
UNIVERSITY Missouri State University
UNIVERSITY ENROLLMENT 23,815 (Fall 2018)

Investment Highlights

RENTABLE SQ FT 47,240 SQ FT
NUMBER OF BUILDINGS 3 Apartment Buildings, 1 Office
STORIES 3
CONSTRUCTION 2018
SITE 1.7527 Acres
DENSITY 41.08 Units per Acre
PARKING Private Parking Lot
OCCUPANCY 98.10%