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60-Unit Multifamily Apartment Building

2302 Village Dr Saint Joseph, MO 64506

2302 Village Dr, Saint Joseph, MO, 64506
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For Sale
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1993-vintage multifamily property with a 70% two-bedroom unit mix and recently exited LIHTC restrictions.

Property Size48,840 SF
Days on Market103

Property Features for 2302 Village Dr

General Information

Standard status
Active
Size
48,840 SF
Property subtype
Multifamily

Building Details

Year Built
1993
Listing agency MMG Real Estate Advisors
Listed by Jake Sullivan · License #2021028059
Source Crexi
Added: Apr 10 Updated: Jul 21 at 2:03AM Checked: Jul 21 at 6:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MMG Real Estate Advisors


Investment Insights

Based on property information with market context.

Westchester Village of St. Joseph is a 60-unit multifamily apartment building built in 1993. The property has a unit mix with 70% two-bedroom homes. Having exited the LIHTC program in 2024, the asset is now positioned for market-rate operations, with rent and income restrictions lifted.

The property is located in St. Joseph, Missouri, directly off the main retail corridor. It is being offered by its original developer, with the first open-market listing in over 30 years.

For an incoming owner, the physical plant is described as well-preserved, and the business plan is presented as clear and executable in connection with the shift to market-rate revenue streams that were previously constrained under the LIHTC program.

Key Highlights

  • 60‑unit multifamily property in St. Joseph, MO built in 1993
  • 70% of units are two‑bedroom apartments
  • Exited the LIHTC program in 2024, with rent and income restrictions fully lifted

Property Analytics

Location Intelligence

Current Use by Public Records

Westchester Village of St. ... Retirement Community

Suggested Use

(Bike/Boat/Book/etc) Store Food Market (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Acupuncture Grocery & Convenience Store Home Appliance Store Florist Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - 1993-vintage multifamily property with a 70% two-bedroom unit mix and recently exited LIHTC restrictions.
Where is this apartment building located?
The property is located at 2302 Village Dr Saint Joseph, MO.
What are key features of this property?
This property features: 60‑unit multifamily property in St. Joseph, MO built in 1993; 70% of units are two‑bedroom apartments; Exited the LIHTC program in 2024, with rent and income restrictions fully lifted
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