1409 W Maple Ave Independence, MO 64050

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The subject offering, Maple Manor Apartments, is a four-building, low-rise apartment complex located just off of Truman Road in Independence, Missouri. The four buildings at 1409-1415 Maple Ave. have brick exteriors and mansard-style roofs. Access to the on-site parking lot (65 spaces) is available to all residents. In total, Maple Manor consists of 8 one-bedroom units, 24 two-bedroom units, and 8 three-bedroom units, all of which are separately metered for electric. There are 17 units receiving HUD Section 8 housing support which also have their utilities paid for by the landlord. The current owners have invested significant capital into the asset within the past 3 years. finishes. Laundry facilities are located onsite. This includes adding new roofs and siding to all 4 buildings and updating the units with newer appliances and durable

With affordable housing becoming a growing need in recent years, Maple Manor provides a necessary affordable housing option for this market. The property should maintain a high level of occupancy and demand in the future.

Although rental rates are in-line with similar properties in this market, there is a significant value upside for an investor to improve operating performance by reducing expenses, particularly through a focused third-party management strategy.

Located in an established submarket, with easy access to entertainment, retail, and job opportunities
Significant revenue upside for investors in reducing operational and mgmt expenses
Separately metered for electric
Onsite parking available for 65 spaces