- Newer Vintage Assets (1996-2001) with Huge Rental Upside
- Fantastic Physical Condition – Well Maintained by Current Ownership
- Rare Opportunity to Acquire Immediate Scale in Springfield
- Located in High-Growth Submarkets – Central Springfield (Sunset Woodland) & Ozark (Excelsior Gardens)
- Unique Market Dynamics in Springfield Create Ideal Value-Add Opportunity
- Convenient Connectivity to Entire MSA
- Offered Free & Clear of Existing Debt
- May be Combined with the Landings at River Market (141 Units) in KC for a Total of 422 Units Across Three Assets in MO – Contact MMG for More Details
Newer Vintage Assets (1996-2001) with Huge Rental Upside
Sunset Woodland & Excelsior Gardens offer a clear value-add upside play across nearly 100% of units at both properties. Through a combination of unit modernizations and amenity upgrades, new ownership can achieve $150-$200+ rent premiums – resulting in an overall increase in rental income of over $568,000 across the two-asset portfolio.
Fantastic Physical Condition – Well Maintained by Current Ownership
The portfolio has been extremely well maintained under current long-term ownership. Major recent completed capex work includes roofs, decks, parking lots, stairs, and leasing office / clubhouse upgrades. With very limited general capital needs, a new investor can immediately focus on driving top-line revenue through unit upgrades and amenity enhancements.
Rare Opportunity to Acquire Immediate Scale in Springfield
The portfolio enables an investor new to the Springfield market to obtain an immediate and significant foothold in a single transaction – or provide additional efficiencies for local owners – all while generating ideal economies of scale and maximum operating efficiencies within two adjacent properties.