Exceptional shovel-ready multifamily development opportunity in Springfield! This newly created parcel offers investors and developers the chance to build a modern new-construction multifamily property designed for today’s market. Whether you’re looking to generate rental income, live in one unit while offsetting your mortgage with rental income, or add a high-quality asset to your investment portfolio, this property is positioned for success. Significant time and expense have already been completed with approved site plans, approved subdivision, variance approval, and architectural plans, allowing you to accelerate your project. Conveniently located near schools, parks, shopping, restaurants, major highways, and downtown Springfield, the location offers strong appeal for both homeowners and tenants alike. Don’t miss this rare opportunity to build a brand-new income-producing property in an established neighborhood. Buyer to perform their own due diligence regarding permits, approvals, and intended use.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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