9715 E 35th Ter

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Address: 9715 E 35th Terrace S, Independence, MO 64052, USA

Chicago & Midwest + Apartment Buildings

Created date: February 29, 2024

Date last updated: December 2, 2024

54 Units / 2 Buildings
5.22% Fixed rate assumable loan with additional 4 years remaining
96% occupancy - over 90% for previous 12 months
Proven Rent Growth opportunity where 30% of units have proven ~$150 income gap in current condition
Demographics Aligned with Workforce Housing
Less than 1 Mile North of National Retailers (Including Walmart & Lowes)

Property Description

Introducing an exceptional investment opportunity in Independence, MO: a robust 43,210 SF, two-building property boasting 54 units. This well-maintained mid-rise, established in 1987, proudly offers a 5.22% fixed rate assumable loan with 4 years remaining. With a staggering 96.29% occupancy rate and established rent growth potential, this properties stands as a significant stabilized property for the long term holder, with value add returns. Strategic location along major highways and alignment with workforce housing demographics further enhance its demand, and assist in maintaining high occupancy. Discover this prime opportunity to find immediate and long term cashflow, through an already proven value growth strategy and existing assumable debt.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$3,500,000
No. of Units:	54
Year Built:	1987
Lot Size:	1.78 Sq ft
Opportunity Zone:	No
Price per unit:	$64,815
Property Website	Click Here