32-UNIT APARTMENT COMPLEX FOR SALE IN OZARK
3601 Westwind Dr
Ozark, MO 65721
Highlights
- SALE PRICE: $3,500,000
- UNITS: 32
- BUILDING SIZE: 33,600 SF +/-
- PRICE/UNIT: $109,375
- LOT SIZE: 9.9 acres
- CAP RATE: 6.00%
- UNIT SIZES: 1,050 SF
- PRIVATE GARAGES: Yes (32)
- OCCUPANCY: 77.4%
- YEAR BUILT: 1995
Description
SVN is pleased to offer this 32-unit multifamily apartment building for sale in Ozark, MO. The property known as the Cedar Hills Apartments, sits on a 9.9 acre tract with around 5 acres for additional development. The units are 1,050 SF each with two bedrooms and one bathroom. Each unit also has a private garage. The current occupancy is 77.4%. This property offers an opportunity for value-add through additional development or increased revenues. Approximate value of excess 5 acres is $300,000 which would increase cap rate to 6.5%.
This property is located in Ozark, MO off of Westwind Drive near the intersection of Fremont Road. The property is four minutes from State Highway CC and five minutes from Highway 65. The property is near several local and national retailers like 4 by 4 Brewing Company, Casey's, Southern Bank, Ozark West Elementary, Sonrise Baptist Church, and many more.
Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and ranks in the top 3% of SVN International.
