Map of Property

Independence Towers

For Sale

728 Jennings Road, Independence, MO 64056

This Independence property for sale is located at 728 Jennings Road. Contact the listing broker for details on the current sale price for Independence Towers. Independence Towers is situated on a lot that is 1.7 acre in size.

Contacts

broker

John-Paul Wolfe

Friedman Real Estate

Property Details

  • Property Type Multi-Family
  • Property Size 74,052 SF
  • Units 123
  • Lot Size 1.7 Acre
  • Zoning C-1
  • Additional Rent Contact for pricing
  • Year Built 1963
  • Year Renovated 2023
  • Date Updated Nov 18, 2024

Auction Sale

 ±123-unit multifamily property located in Independence, MO (Kansas City suburb)

11-story mid-rise tower presents a desirable assortment of studio, one, and two-bedroom apartment homes

Significant value-add opportunity!

Current occupancy stands at ±63%, whereas the Independence/East KC submarket boasts an impressive 95% occupancy rate

Stabilized Proforma NOI: ±$940k/year

New ownership can quickly renovate existing & down units, and bring online top-floor units with prime views of the Kansas City skyline

Numerous underutilized common areas can be transformed into a modern fitness room, resident lounge, and other revenue-generating spaces

The private and secure underground parking garage provides revenue opportunities through parking fees

±100,000 people reside within 5-miles of the property with average household incomes > $65,000/year.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 63/100

    Walk Score ®

  • 15/100

    Transit Score ®

  • 44/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Independence, MO
  • Neighborhood Randall
  • Zip Code 64056
  • Market Kansas City

Points of Interest

  • Worlds of Fun Railroad Station

    7.16 miles

  • 7-Eleven

    0.43 miles

  • QuikTrip

    0.63 miles

  • Sinclair

    2.83 miles

  • Hy-Vee Gas

    2.99 miles

  • Casey's General Store

    3.00 miles

  • Phillips 66

    3.15 miles

  • Fuel loading rack

    3.68 miles

  • BP

    4.08 miles

  • Tesla Supercharger

    5.38 miles

  • ChargePoint

    5.57 miles

  • G

    3.23 miles

  • D

    3.25 miles

  • F

    3.25 miles

  • C

    3.27 miles

  • E

    3.28 miles

  • B

    3.29 miles

  • A

    3.31 miles

  • M

    3.53 miles

  • J

    3.54 miles

  • N

    3.57 miles

  • The Inn at Ophelia’s

    2.81 miles

  • Serendipity Bed & Breakfast

    3.13 miles

  • Higher Ground Hotel

    3.16 miles

  • Woodstock Inn Bed & Breakfast

    3.63 miles

  • Residence Inn Kansas City Independence

    4.70 miles

  • Best Western Independence Kansas City

    4.75 miles

  • Staybridge Suites

    5.15 miles

  • HomeTowne Studios by Red Roof

    5.36 miles

  • Super 8 by Wyndham Independence Kansas City

    5.39 miles

  • Truman Inn

    5.40 miles

  • Save-A-Lot

    0.20 miles

  • Price Chopper

    2.91 miles

  • ALDI

    2.94 miles

  • Hy-Vee

    3.05 miles

  • Sterling Apple Market

    3.86 miles

  • Walmart Neighborhood Market

    4.65 miles

  • Target

    4.66 miles

  • Kohl's

    4.84 miles

  • Ross

    4.84 miles

  • Marshalls

    4.84 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John-Paul Wolfe

Friedman Real Estate