White Oak Apartments 1208 W White Oak St 5 Unit Apartment Building $479,000 ($95,800/Unit) Independence, MO 64050

White Oak Apartments is a well-maintained 5-unit multifamily property located just minutes from the heart of downtown Independence and across the street from Graceland University, making it an ideal asset for student and young professional housing. Built in 1925, the property offers a classic exterior with solid bones and features four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all with cozy layouts, washer/dryer hookups. The building has been cared for over the years while still presenting an excellent value-add opportunity through further cosmetic upgrades to drive rental growth. All units have been updated to varying degrees over the past couple years. Landlord pays water and gas, they are on a master meter. Electric is separately metered, and tenants pay their own electric, with the exception of 2 voucher tenants. The location is a major highlight, with close proximity to downtown shopping, coffee shops, grocery stores, parks, and a wide variety of restaurants, along with access to public transportation and commuter routes. Residents benefit from walkable amenities, nearby green space, and the historic Independence Square, creating strong and consistent rental demand. This is a compelling opportunity to acquire a character-rich apartment building in a high-demand rental pocket with upside potential.