12407 E 43rd Street, Independence, MO 64055

$3,350,000

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List Price
$3,350,000
MLS#
2634173
Status
ACTIVE
Type
Multifamily
Lot Size
64,904
Acres
1.49
Subdivision
Sterling Estates

Property Description

Oxford Commons is a 42 unit apartment complex in located in Independence, MO. It features 28 - 2BR x 1.5BA units, 12 - 1BR x 1BA units, and 2 studios and is near several highways, making it a great destination for work force housing. Throughout the current ownership, they have replaced two roofs (2022) and four plumbing stacks. Windows and sliders have also been replaced as needed; electrical wiring is copper. The property features two laundry facilities (machines owned by Jetz). Roughly 75% of the units have received renovations with only 9 receiving full scale renovations. This leaves a ton of value add potential for the next owner to keep pushing rents and provide housing in a highly respected pocket of Independence. Last but not least, there is an assumable loan in place. It's a Freddie Mac loan with a $2.16m loan balance, 3.25% fixed rate and doesn't mature until March of 2028.

Additional Information

School District
Independence
Basement
Yes
Roof
Synthetic
Central Air
Electric
Sewer
Unknown
Construction
Brick/Mortar
Water
City/Public - Verify
Cooling
Electric
Heating
Forced Air
Taxes
$35,008
Zoning
R2.5

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Calculator source: Real Geeks

Listing courtesy of Nicholas Ambrosio of Peak Real Estate Partners, LLC.

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