1409 W Maple Avenue,  Independence  (64050)

$2,850,000

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PROPERTY DETAILS

Address: view address
Independence, MO 64050
Map Location
Features: Forced Air, Multi-level
Lot Size:1.66 acresYear Built:1969
Property Type:ApartmentNeighborhood:Other
School District:IndependenceCounty:Jackson
List Date:2021-08-23Listing Number:2340959

PROPERTY DESCRIPTION

Maple Manor Apartments is a four-building, low-rise apartment complex located off of Truman Road in Independence, Missouri. The four buildings at 1409-1415 Maple Ave. have brick exteriors and mansard-style roofs. Maple Manor has 8 one-bedroom units, 24 two-bedroom units, and 8 three-bedroom units, all of which are separately metered for electric. On site parking consists of 65 total spaces that is available to all residents. Laundry facilities are located onsite in the basement. There are 17 units currently being occupied through HAP support, which also have their utilities paid for by the landlord. This property has newer roofs and siding on all 4 buildings that was completed within the last few years. In addition to the roofs and siding, new landscaping and parking lot repairs were also made within the last 12 months. Located in an outstanding submarket with a high level of demand in affordable housing, this property should maintain a high occupancy rate in the future to come. Maple Manor has significant value add upside through rent increases and operational/management expense reductions to further boost the NOI.

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Interior

Forced Air:Yes

Exterior

Brick Exterior:YesFrame Exterior:Yes
Metal Exterior:YesOff Street Parking:Yes
Parking Spaces:65

Property and Lot Details

Lot Acres:2Lot Sqft:72,310
Lot Zoned:R-3Public Water:Yes
School District:IndependenceSubdivision:Other
Taxes:16,061Transaction Type:Sale
Year Built:1969

Community information and market data Powered by Onboard Informatics. Copyright ©2021 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2021 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Community information and market data Powered by Onboard Informatics. Copyright ©2021 Onboard Informatics. Information is deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person’s eligibility to attend a school or to use or benefit from other city, town or local services.

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Listing courtesy of: Platinum Realty