120 W Elizabeth St, Independence, MO 64050-3120

Manor Ridge is a 49-unit workforce housing asset across three well-maintained brick buildings comprising three two-bedrooms, 43 one-bedrooms, and thee studios. The property features on-site parking, coin-operated laundry in the basements, and secured entry. Nearly all HVAC systems were replaced in 2018, all new doors were installed in 2023, and the roof, parking lot, and brick exterior remain in excellent condition. Clean, well-kept workforce housing never goes out of style — and Manor Ridge delivers exactly that.

All 49 units are 100% market rate, sub-metered for gas and electric with tenants responsible for their own utility costs. Landlord-paid water/sewer and trash are offset by a $50/month utility fee on new leases. Independence sits within the Kansas City metro, drawing on a demographic that reliably seeks clean, professionally managed workforce housing over homeownership. The property benefits from proximity to major employers including the VA Medical Center and Centerpoint Medical Center, and the retail draw of Independence Center.

With all major capital expenditures complete, and durable demand drivers, Manor Ridge is one to add to your portfolio today!