12407 E 43rd ST, Independence, MO 64055
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Jessie Ryan

Jessie Ryan

+1(785) 727-0615
Listed by Nicholas Ambrosio • Peak Real Estate Partners, LLC
$3,350,000
Est. payment /mo
1.49 Acres Lot
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Key Details

Property Type Single Family Home, Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Sterling Estates

MLS Listing ID 2634173

Annual Tax Amount $35,008

Lot Size 1.490 Acres

Acres 1.49

Property Sub-Type Apartment

Source hmls

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.

Location

State MO

County Jackson

Zoning R2.5

Interior

Heating Forced Air

Cooling Electric

Fireplace N

Exterior

Parking Features false

Utilities Available Cent Water Heater, Ind Heat And Air, Ind Water Heaters

Roof Type Synthetic

Building

Story 3

Sewer Unknown

Water City/Public - Verify

Structure Type Brick/Mortar

Schools

School District Independence

Others

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

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Heartland MLS KS / Southeast Kansas AOR

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Jessie Ryan

Jessie Ryan

+1(785) 727-0615

Broker License ID: KS - 00240183; MO - 2018013460

Broker License ID: KS - 00240183; MO - 2018013460

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