- For Sale Auction Sale
- Property Type Multi-Family
- Property Size 72,766 SF
- Units 123
- Lot Size 1.7 Acre
- Year Built 1963
- Year Renovated 2023
- Date Updated Feb 12, 2024
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Attachments
Highlights
- ±123-unit multifamily property located in Independence, MO (Kansas City suburb)
- 11-story mid-rise tower presents a desirable assortment of studio, one, and two-bedroom apartment homes
- Significant value-add opportunity!
- Current occupancy stands at ±63%, whereas the Independence/East KC submarket boasts an impressive 95% occupancy rate
- Stabilized Proforma NOI: ±$940k/year
- New ownership can quickly renovate existing & down units, and bring online top-floor units with prime views of the Kansas City skyline
- Numerous underutilized common areas can be transformed into a modern fitness room, resident lounge, and other revenue-generating spaces
- The private and secure underground parking garage provides revenue opportunities through parking fees
- ±100,000 people reside within 5-miles of the property with average household incomes > $65,000/year
False
Contacts
Location
Getting Around
-
Walk Score ®
63/100
Somewhat Walkable
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Transit Score ®
15/100
Minimal Transit
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Bike Score ®
44/100
Somewhat Bikeable
- City Independence, MO
- Neighborhood Randall
- Zip Code 64065
- Market Kansas City
Points of Interest
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Independence
3.67 miles
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Worlds of Fun Railroad Station
7.16 miles
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7-Eleven
0.43 miles
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QuikTrip
0.63 miles
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QuikTrip
1.52 miles
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Sinclair
2.83 miles
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Hy-Vee Gas
2.99 miles
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Casey's General Store
3.00 miles
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QuikTrip
3.21 miles
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Phillips 66
4.71 miles
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Conoco
4.73 miles
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Phillips 66
4.81 miles
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G
3.23 miles
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F
3.25 miles
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D
3.25 miles
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C
3.27 miles
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E
3.27 miles
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B
3.29 miles
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A
3.31 miles
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M
3.53 miles
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J
3.54 miles
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N
3.56 miles
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Ophelia's Restaurant & Inn
2.80 miles
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Serendipity Bed & Breakfast
3.13 miles
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Higher Ground Hotel
3.17 miles
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Residence Inn by Marriott Kansas City Independence
4.70 miles
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Best Western Independence Kansas City
4.75 miles
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Staybridge Suites
5.15 miles
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HomeTowne Studios by Red Roof
5.36 miles
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Super 8 by Wyndham Independence Kansas City
5.39 miles
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Truman Inn
5.40 miles
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Stoney Creek Hotel & Conference Center
5.48 miles
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Sonic
0.13 miles
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Taco Bell
0.15 miles
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Burger King
0.18 miles
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Hardee's
0.35 miles
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McDonald's
0.43 miles
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Church's Chicken
2.49 miles
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Sonic
2.80 miles
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Rheinland Restaurant
2.81 miles
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El Pico
2.83 miles
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Courthouse Exchange
2.89 miles
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Randall School
0.36 miles
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Randall Elementary
0.43 miles
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Wachter School
0.85 miles
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Elm Grove Elementary School
0.94 miles
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Cler-Mont Elementary School
1.23 miles
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Christian Ott Elementary School
2.08 miles
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Ott School
2.09 miles
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William Chrisman High School
2.12 miles
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Mill Creek Elementary School
2.18 miles
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Pioneer Ridge Middle School
2.19 miles
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Hanthorn Early Education
3.41 miles
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Kidding Around Child Development Center
7.72 miles
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La Petite Academy
7.76 miles
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Lakewood Kindercare
8.03 miles
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Early Childhood Education Center
8.87 miles
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Sonshine Day Care Center
8.93 miles
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Cotton Candy Daycare Center
8.95 miles
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Children's Choice
9.07 miles
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L&M Preschool-Daycare
9.61 miles
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Kinder Care Learning Center
9.71 miles
Frequently Asked Questions
What is the total square footage of Independence Towers?
Independence Towers totals 72,766 square feet.
When was this property built?
Independence Towers was built in 1963.
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