Oak Grove Place

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 floor plans, 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.

Why We Love It: On-site parking, on-site laundry, and affordable rents with proximity to Kansas City make it a tenant favorite in a growing submarket.

The Challenge: The landlord pays all utilities except electric, leading to higher expense ratio. Consider adding a utility fee on top of the rent to offset gas, hot water, and water. The pricing reflects some needed exterior capital expenses, the roofs are new but the siding and trim could use a little repair and fresh coat of paint. Perform cosmetic updates as units turn over and consider adding central air.

The Value-add Play: Consider converting some of the large workshop, storage area, and laundry area to additional units. Cosmetic updates as units turn over to get everyone to market rent.