Hampton Court Apartments | 9900 E 36th St
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Hampton Court Apartments 9900 E 36th St
54 Unit Apartment Building $3,500,000 ($64,815/Unit) 8.61% Cap Rate Independence, MO 64052
Executive Summary
Introducing a rock-solid workforce housing investment property located in Independence, Missouri. This property features a total of 54 units, including 4 studios and 50 one-bedroom units, catering to the high demand for such housing options. Conveniently situated with easy access to I-70, which boasts a high traffic volume of over 124,000 cars per day at the nearby interchange located less than three-quarters of a mile away, this property offers excellent visibility and accessibility for residents and potential tenants. Investing in this property presents an opportunity to tap into the strong demand for workforce housing in the area, with the potential for steady rental income and long-term value appreciation.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,500,000 | Building Class | B |
| Price Per Unit | $64,815 | Lot Size | 1.78 AC |
| Sale Type | Investment | Building Size | 43,365 SF |
| Cap Rate | 8.61% | Average Occupancy | 96% |
| No. Units | 54 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 1.59/1,000 SF |
| Apartment Style | Garden |
| Price | $3,500,000 |
| Price Per Unit | $64,815 |
| Sale Type | Investment |
| Cap Rate | 8.61% |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.78 AC |
| Building Size | 43,365 SF |
| Average Occupancy | 96% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.59/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | $655.00 | 600 |
| 1+1 | 51 | $750.00 | 815 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $400,159 | |
| Land Assessment | $29,735 | Total Assessment | $429,894 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$29,735
Improvements Assessment
$400,159
Total Assessment
$429,894
zoning
| Zoning Code | R-30/PUD |
| R-30/PUD |
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Hampton Court Apartments | 9900 E 36th St
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