Average square foot calculated using Size range provided by listing agent.
Description
Welcome to Oak Grove Place, a single-story multifamily asset offering a compelling investment opportunity in the heart of Oak Grove, Missouri. This 12-unit property features a balanced unit mix of eight one-bedroom/one-bath apartments and four efficient studio units, each designed with practical floorplans, spacious bathrooms, and central heating. Residents enjoy the convenience of ample on-site parking and a shared, coin-operated laundry facility. The walkout lower level of the 504 building adds further investment upside, currently housing a workshop, storage area, and the laundry room. This space presents a unique value-add opportunity—investors may consider leasing the workshop and storage areas for additional income or converting the space into new rental units, subject to zoning and approvals. Positioned just 25 miles east of downtown Kansas City, the property benefits from immediate access to I-70 and is walkable to local amenities, including retail, restaurants, and parks. Oak Grove combines the charm of small-town living with the accessibility of a major metro, making it highly attractive to renters seeking affordability, quiet, and convenience. With consistent tenant demand—evidenced by a waiting list—and the potential for income enhancement, Oak Grove Place is ideally suited for investors seeking a stabilized asset with organic growth potential in a high-demand submarket.Show Description
MLS® Number2562797
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1965
Stories1
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatNatural Gas
A/CWindow Unit(s)
Heating Fuel
Extras
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