Fairfield Village & Park Place Springfield, MO

Investment Highlights

• Huge Value-Add & Operational Upside Across the Portfolio
• Fantastic Unit Mix Offering Almost 50% Two-Story Townhome Units
• 1990s Vintage Assets with Significant Recent CapEx Completed
• Unique Market Dynamics in Springfield Create Ideal Value-Add Opportunity
• 336 Units Offer Immediate Economies of Scale
• Convenient Connectivity to Entire MSA
• Portfolio Offered with Fantastic Assumable Agency Debt (Fairfield Village also Available F&C)
• May Be Combined with Pheasant Run (160 Units) & Summit Point (100 Units) in Lee's Summit, MO (Kansas City MSA) for a Total of 596 Units across 4 Assets

Huge Value-Add & Operational Upside Across the Portfolio 

Fairfield Village & Park Place offer nearly 90% classic units, giving new ownership the opportunity to achieve significant rent upside of ~$240/unit/ month. Through investing in unit upgrades, amenity modernizations, and strategic exterior cosmetic capex, new ownership will be able to increase annual rental income by over $840,000 across the two properties. 

Fantastic Unit Mix Offering Almost 50% Two-Story Townhome Units 

The portfolio features an attractive unit mix that includes 156 two-story, townhome-style units at Fairfield Village (85% of the units at Fairfield Village & 46% of the total portfolio). With a blend of 1- and 2 -bedroom flats and 2-bedroom townhomes, the portfolio units appeal to a wide variety of renter profiles. 

1990s Vintage Assets with Significant Recent CapEx Completed 

Built in 1992 and 1994, Fairfield Village & Park Place offer modern construction and have seen significant capex investment in recent years, allowing a new owner to focus their attention and capital on property-wide unit upgrades and strategic amenity / cosmetic exterior improvements.