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.
| MLS # | 2634173 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 21 |
| Listing Provided By | Peak Real Estate Partners, LLC | Nicholas Ambrosio |
| Car Port | Yes |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 42 |
| Zoning | R2.5 |
| Acreage | 1.49 |
| Property | 35008 |
|---|
| State | MO |
|---|---|
| County | Jackson |
| City | Independence |
| Zip Code | 64055 |
| Area | 206 Independence Area |
| Community Name | Sterling Estates |
| Listing VS Median (in Sterling Estates) | |
Price: $3,350,000 low | high Med: $0 On site: 21 low | high Med: | |
| State | MO |
|---|---|
| County | Jackson |
| City | Independence |
| Zip Code | 64055 |
| Area | 206 Independence Area |
| Community Name | Sterling Estates |
| Listing VS Median (in Sterling Estates) | |
Price: $3,350,000 low | high Med: $0 On site: 21 low | high Med: | |