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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31601080
31601089

408 SE 7th St, Oak Grove, MO 64075

JS
MO 2021028059
MMG Real Estate Advisors
TW
MO 000007405, KS 00242471
Mid-Markets Group
PG
2023039530
MMG Real Estate Advisors
CB
KS 00248636
MMG Real Estate Advisors
Listed by MMG Real Estate Advisors, Mid-Markets Group
Unpriced
60 days on market
Updated 43 days ago

Westchester Village of Oak Grove

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 36,850
Units 33
Cap Rate 6.50%
Class B
Year Built 1992
Buildings 12
Stories 1
Acreage 5.350

Westchester Village of Oak Grove | 33 Units | Built 1992 | Oak Grove, MO

Marketing description

MMG Real Estate Advisors is pleased to present Westchester Village of Oak Grove, a 33-unit, 1992-vintage multifamily asset located in Oak Grove, Missouri — one of the Kansas City MSA’s highest-growth suburban submarkets. This asset exited the LIHTC program in 2023, although current ownership has largely continued to operate the property as naturally occurring affordable housing. Westchester Village of Oak Grove enters the market at a pivotal inflection point: rent and

income restrictions have been fully lifted, and market-rate operations are now fully available to an incoming owner. The asset is offered by its original developer — its first appearance on the open market in over 30 years — providing an incoming owner with a well-preserved physical plant, a clear and executable value-add business plan, and immediate access to market-rate revenue streams previously unavailable under the LIHTC program. The combination of a constrained-supply submarket, demonstrated comp support for materially higher rents, and a 100% three & four-bedroom unit mix positions Westchester Village as a compelling risk-adjusted opportunity for investors seeking durable cash flow and near-term revenue growth.

Investment highlights

  • LIHTC Expired – Immediate Market Rate Conversion Opportunity
  • Meticulously Maintained by Original Developer
  • Exceptional Unit Mix – Large Three & Four-Bedroom Floor Plans – 1,117 Avg SF
  • Sustained Population Growth Within an Expanding KC Metro Corridor
  • Significant Value-Add Upside with Strategic Modernization and Market Rate Transition
  • Suburban Kansas City MSA Location – Immediate I-70 Corridor Access
  • Offered Free and Clear of Existing Debt

Listing Contacts

JS
MO 2021028059
MMG Real Estate Advisors
TW
MO 000007405, KS 00242471
Mid-Markets Group
PG
2023039530
MMG Real Estate Advisors
CB
KS 00248636
MMG Real Estate Advisors
Listed by MMG Real Estate Advisors, Mid-Markets Group

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Additional Information

Name
Jake Sullivan
License
2021028059
Brokerage
MMG Real Estate Advisors
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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