Patriot Place

Located in the heart of Independence, Missouri, Patriot Place is an incredible opportunity to purchase a 17-unit multifamily asset with 2005 construction. A registered historic building, Patriot Place was completely rebuilt in 2005 after a fire, with the insurance carrier investing $1.4 million to bring it to modern standards—including a full fire sprinkler system. The result is 2005 construction interiors with a brick facade. Full sprinkler system and all electric building keeps insurance costs low and the interiors of the buildings have modern construction finishes.

The well-maintained property offers 12 one-bedroom/1-bath units with private balconies, three large studio units and two studio units. Each unit features spacious layouts, updated finishes, modern appliances, and large windows. Resident amenities include on-site coin laundry (landlord-owned), a dedicated parking lot, and secured entry.

With quick access to Truman Road and proximity to shopping, dining, and transportation, this meticulously maintained asset combines modern reliability, historic appeal, and excellent location—making it an ideal cash-flowing investment in Independence’s growing rental market.

Why We Love It: Incredible price per door for 2005 construction. Great tenant demand for units with laundry, parking, private balconies, and large units.

The Challenge: Unit mix is smaller 1 beds and studios.

The Value-Add Play: Raise rents to market as they renew and consider medium-term furnished rentals in at least a few of the units to increase cash flow.