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1225 E Paragon - 1225 and 1229 E Paragon Springfield, MO.

2 Unit Apartment Building Offered at £455,590 at a 5.60% Net Initial Yield in Springfield, MO 65803

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Investment Highlights

Modern Style Exterior and Floorplan with Open Concept Kitchen and Living Space Down with All Bedrooms Upstairs.
100% Occupied Providing A Safe Investment With Low Maintenance Costs Due to Age Of Property.

Quiet Subdivision with All New Homes Built in 2023-2024. Low Through Traffic and Close to I-44 and Shopping.

Executive Summary

Great investment opportunity for two nearly new properties located on the north side of Springfield just off National. 1225 and 1229 E Paragon are both 3 bedrooms, 3 full bath rental homes featuring over 1500 sq.ft of living space each. With an open kitchen, dining, and living floorplan downstairs, and all the bedrooms upstairs, these homes have custom features and upgrades throughout including granite countertops, solid surface flooring, custom trim and woodwork, and modern lighting fixtures as well. Quality built in 2023, both properties have fenced backyards, low maintenance exteriors, and covered front porches. Easy access to I-44 and surrounded by similar style properties in a growing and attractive neighborhood.

Paragon Court Subdivision CCR's

Property Facts

Price	£455,590	Property Type	Residential
Price Per Unit	£227,795	Building Size	1,655 SF
Sale Type	Investment	Average Occupancy	100%
Net Initial Yield	5.60%	Number of Floors	2
Sale Conditions	1031 Exchange	Year Built	2023
No. Units	2	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£455,590
Price Per Unit	£227,795
Sale Type	Investment
Net Initial Yield	5.60%
Sale Conditions	1031 Exchange
No. Units	2
Property Type	Residential
Building Size	1,655 SF
Average Occupancy	100%
Number of Floors	2
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.