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709 W Truman Rd
Independence, MO 64050
Patriot Place Apartments · Multifamily Property For Sale
·
17 Units
Investment Highlights
- Historic Building Completely Rebuilt in 2005
- Private Balconies
- Spacious Units Featuring Updated Finishes and Modern Appliances
- All Electric Building with Full Modern Fire Suppression Systems
- On-site Parking Lot and Secured Building Entry
Executive Summary
Located in the heart of Independence, Missouri, Patriot Place is an incredible opportunity to purchase a 17-unit multifamily asset with 2005 construction. A registered historic building, Patriot Place was completely rebuilt in 2005 after a fire, with the insurance carrier investing $1.4 million to bring it to modern standards—including a full fire sprinkler system. The result is 2005 construction interiors with a brick facade. Full sprinkler system and all electric building keeps insurance costs low and the interiors of the buildings have modern construction finishes.
The well-maintained property offers 12 one-bedroom/1-bath units with private balconies, three large studio units and two studio units. Each unit features spacious layouts, updated finishes, modern appliances, and large windows. Resident amenities include on-site coin laundry (landlord owned), a dedicated parking lot, and secured entry.
With quick access to Truman Road and proximity to shopping, dining, and transportation, this meticulously maintained asset combines modern reliability, historic appeal, and excellent location—making it an ideal cash-flowing investment in Independence’s growing rental market.
The well-maintained property offers 12 one-bedroom/1-bath units with private balconies, three large studio units and two studio units. Each unit features spacious layouts, updated finishes, modern appliances, and large windows. Resident amenities include on-site coin laundry (landlord owned), a dedicated parking lot, and secured entry.
With quick access to Truman Road and proximity to shopping, dining, and transportation, this meticulously maintained asset combines modern reliability, historic appeal, and excellent location—making it an ideal cash-flowing investment in Independence’s growing rental market.
Property Facts
| Price Per Unit | $79,412 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 9,450 SF |
| No. Units | 17 | Average Occupancy | 82% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1924/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 3.49/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | R-30 | ||
| Price Per Unit | $79,412 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,450 SF |
| Average Occupancy | 82% |
| No. Stories | 3 |
| Year Built/Renovated | 1924/2024 |
| Parking Ratio | 3.49/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-30 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 330 |
| 1+1 | 12 | - | 650 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $124,233 | |
| Land Assessment | $12,865 | Total Assessment | $137,098 |
Property Taxes
Parcel Numbers
Land Assessment
$12,865
Improvements Assessment
$124,233
Total Assessment
$137,098
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