Property Description

Sun Villa Townhomes is a rare 21-unit townhome community located in the heart of Southeast Springfield's most established and walkable retail corridor. Just steps from Target, Battlefield Mall, Primrose Marketplace, and surrounding dining and shopping, the property offers a location and lifestyle setting that consistently attracts and retains residents.Built in 1986, the community features spacious approximately 1,600 SF townhomes designed more like private residences than traditional apartments. Each unit offers a 2-bedroom layout with vaulted bedroom ceilings and a finished basement level frequently used as a third bedroom, office, or flex space, providing the functionality of true 3-bedroom living.Many units feature updated cabinetry, backsplash, appliances, and a mix of luxury vinyl plank and carpet flooring. Additional interior features include fireplaces, private entries, rear decks, and several units with private master-bedroom patio access, creating a true neighborhood feel.Situated on approximately 1.17 acres, the property includes a private swimming pool, 38 on-site parking spaces, generous paved parking, and mature shade trees throughout the site.The property is currently operating at 95% occupancy and benefits from strong tenant retention and durable demand within the highly regarded Springfield R-12 School District, including Kickapoo High School.Significant capital improvements include a full roof replacement across all three buildings in 2019, along with additional owner-reported improvements to HVAC systems, cabinetry, and interior finishes.Sun Villa offers investors a well-located, stabilized asset with strong in-place income and meaningful upside through future lease rollover.

Property Features

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