12407 E 43rd ST, Independence, MO 64055
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Christopher Munkel

Christopher Munkel

+1(913) 490-6011
Listed by Nicholas Ambrosio • Peak Real Estate Partners, LLC
$ 3,350,000
Est. payment | /mo

1.49 Acres Lot

Save
$ 3,350,000
Est. payment | /mo
Save

1.49 Acres Lot

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

Heartland MLS KS / Southeast Kansas AOR
Christopher Munkel

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(913) 490-6011

chris@munkelrealestatesolutions.com

10895 Lowell Ave suite 100, Overland Park, KS 66210, USA

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12407 E 43rd ST