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Westchester Village of Oak Grove 408 SE 7th St 33 Unit Apartment Building For Sale Oak Grove, MO 64075
Investment Highlights
- LIHTC Expired – Immediate Market Rate Conversion Opportunity
- Exceptional Unit Mix – Large Three & Four-Bedroom Floor Plans – 1,117 Avg SF
- Significant Value-Add Upside with Strategic Modernization and Market Rate Transition
- Meticulously Maintained by Original Developer
- Sustained Population Growth Within an Expanding KC Metro Corridor
- Suburban Kansas City MSA Location – Immediate I-70 Corridor Access
Executive Summary
MMG Real Estate Advisors is pleased to present Westchester Village of Oak Grove, a 33-unit, 1992-vintage multifamily asset located in Oak Grove, Missouri — one of the Kansas City MSA’s highest-growth suburban submarkets. This asset exited the LIHTC program in 2023, although current ownership has largely continued to operate the property as naturally occurring affordable housing. Westchester Village of Oak Grove enters the market at a pivotal inflection point: rent and income restrictions have been fully lifted, and market-rate operations are now fully available to an incoming owner. The asset is offered by its original developer — its first appearance on the open market in over 30 years — providing an incoming owner with a well-preserved physical plant, a clear and executable value-add business plan, and immediate access to market-rate revenue streams previously unavailable under the LIHTC program. The combination of a constrained-supply submarket, demonstrated comp support for materially higher rents, and a 100%
three & four-bedroom unit mix positions Westchester Village as a compelling risk-adjusted opportunity for investors seeking durable cash flow and near-term revenue growth.
three & four-bedroom unit mix positions Westchester Village as a compelling risk-adjusted opportunity for investors seeking durable cash flow and near-term revenue growth.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Sale Type | Investment | Lot Size | 5.35 AC |
| No. Units | 33 | Building Size | 49,183 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1992 |
| Building Class | B | Parking Ratio | 1.75/1,000 SF |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 5.35 AC |
| Building Size | 49,183 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built | 1992 |
| Parking Ratio | 1.75/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Grill
- Lawn
- Wheelchair Accessible (Rooms)
Site Amenities
- Laundry Facilities
- Picnic Area
- Playground
- Property Manager on Site
- Grill
- Planned Social Activities
- Trash Pickup - Curbside
- Maintenance on site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 11 | $1,108 | 1,050 |
| 4+2 | 22 | $1,101 | 1,150 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 38-730-02-13-00-0-00-000 | Improvements Assessment | $85,823 (2025) |
| Land Assessment | $100,622 (2025) | Total Assessment | $186,445 (2025) |
Property Taxes
Parcel Number
38-730-02-13-00-0-00-000
Land Assessment
$100,622 (2025)
Improvements Assessment
$85,823 (2025)
Total Assessment
$186,445 (2025)
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Westchester Village of Oak Grove | 408 SE 7th St
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