The Springfield 7 Springfield, MO

Access CA / Doc Center

The Springfield 7

Address

Southcreek Apartments
4318 S Timbercreek Ave,
Springfield, MO 65619


Scenic Ridge Apartments
4131 S Scenic Ave,
Springfield, MO 65807


Oakwood Heights Townhomes
753 N Williams Ave,
Republic, MO 65738


Central Flats
435 E Harrison St,
Springfield, MO 65806


BearTown Townhomes
1375 S National Ave,
Springfield, MO 65806


Rosewood Estates
604 E Sunset St,
Springfield, MO 65807


Cedarwood Terrace
2244 N Cedarwood Ln,
Springfield, MO 65803

Summary

  • Southcreek Apartments
  • Units: 103
  • Year Built: 2001
  • Scenic Ridge Apartments
  • Units: 55
  • Year Built: 1997
  • Oakwood Heights Townhomes
  • Units: 41
  • Year Built: 2007
  • Central Flats
  • Units: 41
  • Year Built: 1959
  • BearTown Townhomes
  • Units: 80
  • Year Built: 1986-1998
  • Rosewood Estates
  • Units: 32
  • Year Built: 2002
  • Cedarwood Terrace
  • Units: 48
  • Year Built: 2002

Investment Highlights

  • Extremely Well-Maintained Assets Primed for Value-Add Upgrades 
  • Conservative Local Operator – Huge Operational Upside
  • Majority Newer Assets – Weighted Average 1993 Vintage
  • May be Purchased as a Portfolio, Multiple Sub-Portfolios, or Individually
  • Fantastic Locations throughout the Springfield MSA
  • Multiple Attractive Business Plans & Exit Strategies
  • Extremely Attractive Basis – Well Below Current Replacement Cost
  • Unique Opportunity to Obtain Immediate Scale with 400 Units
  • Offered Free & Clear of Existing Debt

Extremely Well-Maintained Assets Primed for Value-Add Upgrades 

The Springfield 7 consists of seven assets that have all been very well maintained with limited general capex needs and deferred maintenance. Current ownership’s focus on maintaining the assets but not pushing revenues through interior and amenity upgrades will allow a new investor to focus their efforts and capital spend on those items that will directly result in significant revenue increases.

Conservative Local Operator – Huge Operational & Value-Add Upside

The Portfolio is locally owned and operated, creating an ideal scenario for experienced investors to shift the focus from simply maintaining above-market occupancy to identifying those clear opportunities to move rents significantly across all the portfolio assets.

Majority Newer Assets – Weighted Average 1993 Vintage

The Portfolio offers seven assets that vary in vintage from 1959 to 2007. With six of the seven assets built after 1986, the Portfolio features a weighted average vintage of 1993.

Location Map

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively. 


MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.


Tom Maloney

Tom Maloney

Senior Director
MMG REA
314.305.2477 tom.maloney@mmgrea.com
Daniel Wiele

Daniel Wiele

Senior Director
MMG REA
314.606.0256 daniel.wiele@mmgrea.com
Alex Beck

Alex Beck

Senior Advisor
MMG REA
314.306.2055 alex.beck@mmgrea.com
Hank Hicks

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com
Mitchell Schieber

Mitchell Schieber

Associate
MMG REA
636.484.6473 mitchell.schieber@mmgrea.com
Thomas Skevington

Thomas Skevington

Senior Advisor
MMG REA
913.231.1086 thomas.skevington@mmgrea.com
Alex Blagojevich

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com
Michael Sullivan

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com