816-977-2924
408 SE 7th St, Oak Grove, MO for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

408 SE 7th St
Oak Grove, MO 64075


HIGHLIGHTS

  • LIHTC Expired – Immediate Market Rate Conversion Opportunity
  • Meticulously Maintained by Original Developer
  • Exceptional Unit Mix – Large Three & Four-Bedroom Floor Plans – 1,117 Avg SF
  • Sustained Population Growth Within an Expanding KC Metro Corridor
  • Significant Value-Add Upside with Strategic Modernization and Market Rate Transition
  • Suburban Kansas City MSA Location – Immediate I-70 Corridor Access

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

33

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westchester Village of Oak Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1992

PARKING SPACES

86

LAND DETAILS

LAND ACRES

5.35 AC

LAND SF

233,063 SF

ZONING

-

APN/PARCEL ID

38-730-02-13-00-0-00-000

ASK ABOUT THIS PROPERTY

816-977-2924

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816-977-2924

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