Building Details

Year Built 2023

Buildings 1

Construction all-brick

Listing Agency: ReeceNichols - Lees Summit

Listed By: Deann Weber · License #2020002267 Show Phone

Source: Fussellgroup

Added: Jul 21 Changed: Sep 16 Last Checked: Sep 21 at 12:35PM

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Investment Insights

Based on property information with market context.

Completed in 2023, this five-unit apartment property offers a consistent two-bedroom, one-bath layout across each residence. Interior features include modern finishes and washer-dryer hookups, while the all-brick exterior provides a durable building envelope with limited exterior maintenance needs.

The property is located at 114 Locust St in Sweet Springs, Missouri, just off I-70. All five apartments are currently rented, providing an occupied multifamily asset with established tenancy. The combination of uniform unit layouts, recent construction, and brick exterior creates a straightforward configuration for continued rental operations.

Key Highlights

• Five 2‑bedroom, 1‑bath apartments
• All five units currently rented
• Built in 2023

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Bakery Garden Center Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Residential units

100%

Occupancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

110

Businesses Nearby

Explore this area Business Placement

Demographics for 65351, MO

2,301

Population

941

Households

2.4

Avg Household Size

43

Median Age

13%

College-Educated

91%

High-School Grad

106.5 sq mi

ZIP Area

22

Density / Sq Mi

$53,720

Median Household Income

$28,724

Median Earnings

$730

Median Rent

$118,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Recently built, fully occupied multifamily property with modern finishes and individual washer-dryer hookups.

Where is this apartment building located?

The property is located at 114 Locust St Sweet Springs, MO.

What is the asking price?

The asking price for this property is $665,000.

What are key features of this property?

This property features: Five 2‑bedroom, 1‑bath apartments; All five units currently rented; Built in 2023