Purchase Price: $4,000,000

Cherry Plaza & Embassy-Kings Springfield, MO

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Cherry Plaza & Embassy-Kings

Address

Cherry Plaza
1210 East Cherry Street
Springfield, MO, 65802


Embassy-Kings
927 East Elm Street,
Springfield, MO 65802

Summary

  • Cherry Plaza
  • Units: 28
  • Built: 1978
  • Embassy-Kings
  • Units 38
  • Built: 1960

Investment Highlights

  • Significant Value-Add Upside Potential
  • Opportunity to Acquire from Long-Term Local Ownership
  • Exceptional Downtown Springfield Location – Proximity to Campus, Countless Restaurants, Bars, Breweries & Shops
  • Fantastic Physical Condition - Well Maintained by Current Ownership
  • Attractive Springfield Market Dynamics  
  • Offered Free & Clear of Existing Debt

Significant Value-Add Upside Potential

Both Cherry Plaza & Embassy-Kings present significant value-add potential through targeted renovations and operational improvements. Investors can capitalize on the existing demand for quality housing while enhancing the property’s appeal and maximizing rental income.

Opportunity to Acquire from Long-Term Local Ownership

Current ownership has maintained a conservative approach, focusing on long-term stability rather than maximizing immediate revenues. This strategy has preserved the asset’s integrity and provides the next investor with a unique opportunity to implement enhancements that can drive both occupancy and income.

Exceptional Downtown Springfield Location – Proximity to Campus, Countless Restaurants, Bars, Breweries & Shops

Nestled near the heart of downtown Springfield, Cherry Plaza & Embassy-Kings provides tenants with the ultimate amenity – the ability to walk minutes to campus, coffee shops, bars, casual and fine dining, local shops, theaters, and countless other businesses in and around downtown.

Location Map

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.

Tom Maloney

Tom Maloney

Senior Director
MMG REA
314.305.2477 tom.maloney@mmgrea.com
Daniel Wiele

Daniel Wiele

Senior Director
MMG REA
314.606.0256 daniel.wiele@mmgrea.com
Hank Hicks

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com
Mitchell Schieber

Mitchell Schieber

Associate
MMG REA
636.484.6473 mitchell.schieber@mmgrea.com
Tanner Wycoff

Tanner Wycoff

Director of Structured Finance
MMG REA
785-331-8123 tanner.wycoff@mmgrea.com
Thomas Skevington

Thomas Skevington

Senior Advisor
MMG REA
913.231.1086 thomas.skevington@mmgrea.com
Alex Blagojevich

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com
Michael Sullivan

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com