717 Grant Ave, Springfield, MO 65806
This exceptional 2022-built duplex, located at 717 S Grant Ave, Springfield, MO 65806, presents a lucrative investment opportunity. Boasting 2,586 square feet across two units, each unit offers three bedrooms and three bathrooms, catering perfectly to student needs. The property features private entrances, a wrap-around porch, and low-maintenance landscaping with privacy fencing. Six off-street parking spaces are available. High-end finishes include luxury vinyl plank flooring throughout, granite countertops in each kitchen, and new appliances. Each unit also has its own washer and dryer hookups. The property is entirely electric, with the owner responsible only for trash and lawn care. Situated just 1.3 miles from Missouri State University (MSU), this property enjoys a prime location within the Grant Ave Parkway Improvement Corridor, ensuring high occupancy rates. The asking price is $439,000, translating to $169.76 per square foot and $219,500 per unit. The property sits on a 0.17-acre lot and currently boasts 100% occupancy. This turnkey investment offers immediate cash flow and strong potential for long-term appreciation. All units are equipped with new water heaters, furnaces, and air conditioning systems. The exterior features attractive low-voltage diamond coat siding. This is a rare opportunity to acquire a high-quality, well-maintained student housing property in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.