1.49 Acres Lot
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, 3.35% fixed rate and doesn't mature until May of 2031.
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
Nearby Locations
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