330 Water St Springfield, MO 65806
- Apartment buildings
- 26,821 SF
- 0.60 lot acres
Current Use by Public Records
- Founders Park / Park / Tourist Attraction
Property Details for 330 Water St
- Year built
- 1875
- Lot size
- 0.60 lot acres
- Property size
- 26,821 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents the chance to acquire Founders Park Lofts, a meticulously restored 33-unit apartment building situated in the heart of downtown Springfield, Missouri. Originally constructed in 1875, this historic property underwent a complete renovation in 2004, transforming it into a collection of desirable loft apartments. The property boasts a total of 26,821 square feet across three stories within a single building on a 0.6-acre lot. The building's prime location offers residents easy access to a vibrant array of restaurants, bars, breweries, and shops, all within walking distance. This stabilized multifamily asset presents a compelling investment opportunity with significant value-add potential due to its strong, long-term local ownership and the unique market dynamics of Springfield. The property is offered free and clear of existing debt, providing a clean and attractive investment proposition. The 20-year-old systems installed during the 2004 renovation provide a solid foundation for continued operation and potential future upgrades. The property's Asset Property Number (APN) is 13-24-208-001, and its address is 330 & 331 E Water St, Springfield, MO 65806. This is a rare chance to own a piece of Springfield's rich history while capitalizing on a thriving rental market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2909
- Latitude
- 37.2106
