- For Sale Contact for pricing
- Property Type Multi-Family
- Property Size 74,052 SF
- Units 123
- Lot Size 1.7 Acre
- Zoning C-1
- Additional Rent Contact for pricing
- Year Built 1963
- Year Renovated 2023
- Date Updated Nov 18, 2024
Auction Sale
±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.
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
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Contacts
Location
Getting Around
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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 64056
- Market Kansas City
Points of Interest
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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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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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Phillips 66
3.15 miles
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Fuel loading rack
3.68 miles
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BP
4.08 miles
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Tesla Supercharger
5.38 miles
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ChargePoint
5.57 miles
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G
3.23 miles
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D
3.25 miles
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F
3.25 miles
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C
3.27 miles
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E
3.28 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
3.57 miles
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The Inn at Ophelia’s
2.81 miles
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Serendipity Bed & Breakfast
3.13 miles
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Higher Ground Hotel
3.16 miles
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Woodstock Inn Bed & Breakfast
3.63 miles
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Residence Inn 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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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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Ophelia's Restaurant
2.81 miles
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Ain't Yo Momma Kitchen
2.81 miles
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Flying Horse Flatbreads
2.83 miles
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El Pico
2.83 miles
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Randall Elementary School
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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Blue Hills Elementary School
2.32 miles
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Hanthorn Early Education
3.41 miles
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Englewood Christian Academy
4.64 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
8.89 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
Frequently Asked Questions
How much does Independence Towers cost?
The sale price for Independence Towers is available upon request. Contact the listing broker for more information.
What is the total square footage of Independence Towers?
Independence Towers totals 2 square feet.
When was this property built?
Independence Towers was built in 1963.
Looking for more in-depth information on this property?
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Contact Listing Broker
John-Paul Wolfe Is this you?
Friedman Real Estate
