728 Jennings Rd - Apartments FOR SALE
Independence, MO 64056 |
728 Jennings Rd
Independence, MO 64056
HIGHLIGHTS
- ±123-unit multifamily property located in Independence, MO (Kansas City suburb)
- 11-story mid-rise tower presents a desirable assortment of studio, one, and two-bedroom apartment homes
- Significant value-add opportunity! Current occupancy stands at ±63%,whereas the Independence/East KC submarket boasts an impressive 95% occupancy rate
- Stabilized Proforma NOI: ±$940k/year
- New ownership can quickly renovate existing & down units, and bring online top-floor units with prime views of the Kansas City skyline
- Numerous underutilized common areas can be transformed into a modern fitness room, resident lounge, and other revenue-generating spaces
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
Independence Towers
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
72766
STORIES
11
YEAR BUILT
1963
PARKING SPACES
55
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
16-430-03-48-00-0-00-000
