504 SE 12th St - Apartments FOR SALE


Oak Grove, MO 64075
$635,000 USD
913-426-5576
504 SE 12th St, Oak Grove, MO for Sale
$635,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

504 SE 12th St
Oak Grove, MO 64075


HIGHLIGHTS

  • Ample On-site Parking
  • On-site Coin-Operated Laundry
  • Strong Tenant Demand - Currently a Waiting List for Units
  • Huge Workspace with Potential Conversion to Additional Units

OVERVIEW

Welcome to Oak Grove Place, a single-story multifamily asset offering a compelling investment opportunity in the heart of Oak Grove, Missouri. This 12-unit property features a balanced unit mix of eight one-bedroom/one-bath apartments and four efficient studio units, each designed with practical floor plans, spacious bathrooms, and central heating. Residents enjoy the convenience of ample on-site parking and a shared, coin-operated laundry facility. The walkout lower level of the 504 building adds further investment upside, currently housing a workshop, storage area, and the laundry room. This space presents a unique value-add opportunity—investors may consider leasing the workshop and storage areas for additional income or converting the space into new rental units, subject to zoning and approvals. Positioned just 25 miles east of downtown Kansas City, the property benefits from immediate access to I-70 and is walkable to local amenities, including retail, restaurants, and parks. Oak Grove combines the charm of small-town living with the accessibility of a major metro, making it highly attractive to renters seeking affordability, quiet, and convenience. With consistent tenant demand—evidenced by a waiting list—and the potential for income enhancement, Oak Grove Place is ideally suited for investors seeking a stabilized asset with organic growth potential in a high-demand submarket.

FOR SALE DETAILS

PRICE

$635,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

12

PRICE/UNIT

$52,917

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Grove Place

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.49 AC

LAND SF

64,730 SF

ZONING

-

APN/PARCEL ID

38-730-13-04-00-0-00-000

ASK ABOUT THIS PROPERTY

Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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Michelle LutzLutz Sales + InvestmentsMore Info
913-426-5576

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