Listed by Nicholas Ambrosio • Peak Real Estate Partners, LLC
$3,350,000
Est. payment /mo
1.49 Acres Lot
Active
12407 E 43rd ST Independence, MO 64055
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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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