504-506 SE 12th ST Pending Save Request In-Person Tour Request Virtual Tour
Oak Grove,MO 64075
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Subdivision Oak Grove
MLS Listing ID 2562797
Year Built 1965
Annual Tax Amount $5,678
Lot Size 1.486 Acres
Property Sub-Type Apartment
Property 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.
Location
State MO
County Jackson
Zoning R
Interior
Heating Natural Gas
Cooling Window Unit(s)
Exterior
Parking Features false
Utilities Available Master Meters,Separate Meters
Roof Type Composition
Building
Story 1
Sewer Public Sewer
Water City/Public - Verify
Structure Type Stone & Frame,Wood Siding
Schools
School District Oak Grove
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.dropbox.com/scl/fo/4odzr1u05kg6c6nsi9h9c/AFc6Ra9OYWK8DsRiw069PTk?rlkey=j2sqrde6w9dp0t7iuhv02t8c9&st=d3m6dgn9&dl=0