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Oxford Commons 12407 E 43rd St S 42 Unit Apartment Building For Sale Independence, MO 64055
Investment Highlights
- 42 unit apartment complex located right off 40 Highway
- Mix of 28 (2BR x 1.5BA) 12 (1BR x 1BA) and 2 (studio)
- Great value add potential in strong, work force housing community
- Assumable debt (Freddie / $2.16m LB / 3.25% fixed / March 2028)
- 31/42 units have received renovation (9 fully renovated)
Executive Summary
Oxford Commons is a 42 unit apartment complex in located in Independence, MO. It features 28 – 2BR x 1.5BA units, 12 – 1BR x 1BA units, and 2 studios and is near several highways, making it a great destination for work force housing. Throughout the current ownership, they have replaced two roofs (2022) and four plumbing stacks. Windows and sliders have also been replaced as needed; electrical wiring is copper. The property features two laundry facilities (machines owned by Jetz). Roughly 75% of the units have
received renovations with only 9 receiving full scale renovations. This leaves a ton of value add potential for the next owner to keep pushing rents and provide housing in a highly respected pocket of Independence. Last but not least, there is an assumable loan in place. It’s a Freddie Mac loan with a $2.16m loan balance, 3.25% fixed rate and doesn’t mature until March of 2028.
received renovations with only 9 receiving full scale renovations. This leaves a ton of value add potential for the next owner to keep pushing rents and provide housing in a highly respected pocket of Independence. Last but not least, there is an assumable loan in place. It’s a Freddie Mac loan with a $2.16m loan balance, 3.25% fixed rate and doesn’t mature until March of 2028.
Property Facts
| Sale Type | Investment | Lot Size | 1.49 AC |
| No. Units | 42 | Building Size | 34,950 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Zoning | R-18/PUD | ||
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 34,950 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1969 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R-18/PUD |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Hardwood Floors
- Refrigerator
- Carpet
- Patio
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Laundry Service
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 434 |
| 1+1 | 12 | - | 550 |
| 2+1.5 | 28 | - | 840 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 33-410-06-08-00-0-00-000 | Improvements Assessment | $380,796 |
| Land Assessment | $88,082 | Total Assessment | $468,878 |
Property Taxes
Parcel Number
33-410-06-08-00-0-00-000
Land Assessment
$88,082
Improvements Assessment
$380,796
Total Assessment
$468,878
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