9900 E 36th St - Apartments FOR SALE


Independence, MO 64052- Pitcher
$3,500,000 USD
816-774-4250
9900 E 36th St, Independence, MO for Sale
$3,500,000 USD
Apartments - FOR SALE
1/21
null | 7.37% Cap Rate

9900 E 36th St
Independence, MO 64052
Pitcher


OVERVIEW

Introducing a rock-solid workforce housing investment property located in Independence, Missouri. This property features a total of 54 units, including 4 studios and 50 one-bedroom units, catering to the high demand for such housing options. Conveniently situated with easy access to I-70, which boasts a high traffic volume of over 124,000 cars per day at the nearby interchange located less than three-quarters of a mile away, this property offers excellent visibility and accessibility for residents and potential tenants. Investing in this property presents an opportunity to tap into the strong demand for workforce housing in the area, with the potential for steady rental income and long-term value appreciation.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

54

PRICE/UNIT

$64,815

CAP RATE

7.37%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Court Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

69

LAND DETAILS

LAND ACRES

1.78 AC

LAND SF

77,537 SF

ZONING

R-30/PUD

APN/PARCEL ID

32-210-05-25-00-0-00-000,32-210-05-27-03-0-00-000

ASK ABOUT THIS PROPERTY

Quinn HahsClemons Real EstateMore Info
816-774-4250

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Quinn HahsClemons Real EstateMore Info
816-774-4250

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.