MMG Real Estate Advisors is pleased to present Westchester Village of Oak Grove, a 33-unit, 1992-vintage multifamily asset located in Oak Grove, Missouri — one of the Kansas City MSA’s highest-growth suburban submarkets. This asset exited the LIHTC program in 2023, although current ownership has largely continued to operate the property as naturally occurring affordable housing. Westchester Village of Oak Grove enters the market at a pivotal inflection point: rent and income restrictions have been fully lifted, and market-rate operations are now fully available to an incoming owner. The asset is offered by its original developer — its first appearance on the open market in over 30 years — providing an incoming owner with a well-preserved physical plant, a clear and executable value-add business plan, and immediate access to market-rate revenue streams previously unavailable under the LIHTC program. The combination of a constrained-supply submarket, demonstrated comp support for materially higher rents, and a 100%
three & four-bedroom unit mix positions Westchester Village as a compelling risk-adjusted opportunity for investors seeking durable cash flow and near-term revenue growth.